Tue, Jul 17, 2018 – 10:17 AM
OFFSHORE and marine group Ezra Holdings on Tuesday said that its binding proposal with financial consultancy specialist Asia Fund Space (HK) Ltd (AFS) has fallen through on July 16 due to AFS not meeting certain requirements of the deal.
In particular, this relates to the non-submission of a request for listing a trust or newly formed entity comprising of existing assets of Ezra, such as Emas Offshore and Emas Chiyoda Subsea, on the Catalist board.
On March 1, Ezra entered into the binding proposal with AFS which would have seen Ezra’s existing assets spun off under a separate trust and the possible injection of one or more new businesses into the Singapore-listed company. The proposal also called for…
Read the full article at: https://www.businesstimes.com.sg/companies-markets/ezras-restructuring-proposal-with-asia-fund-space-falls-through