Malaysia’s Yinson emerges as white knight for Ezion
Yinson will pick up a controlling stake by subscribing to over 22.5bn Ezion shares at S$0.055 each. It stands to further increase its stake if it picks up more than 3.36m allotted option shares
Ezion’s shares last changed hands at S$0.043 on February 26 before they were suspended but this deal will capitalise up to $916m of its debt
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