08APR2019 - NEWS - Yinson of Malaysia announces to take controlling stake in Singapore’s Ezion Holdings via a proposed deal

Yinson of Malaysia has recently announced that it will take a controlling stake in Singapore’s Ezion Holdings via a proposed deal that includes shares subscription and debt conversion. Yinson Eden, wholly-owned by FPSO operator Yinson, is in “advanced stage of discussions” with certain lenders of Ezion to acquire up to $916m of its existing loans. Yinson Eden has also entered into a conditional option agreement for the grant of approximately 3.36bn unlisted and freely transferable share options in Ezion, each carrying the right to subscribe for one new ordinary share at an exercise price of SGD0.0605, or a total of SGD203.3m.

ublished by Editor - www.Livebunkers.com at 08-Apr-2019 05:35:34 [UTC] , contact editor at editor@livebunkers.com