Ezion Holdings

According to Ezion, the disposals are in line with its restructuring plan previously announced on June 20.

Will the wind blow opportunities for the offshore and marine companies, which have long suffered from the prolonged oil downturn?

The gain generated is estimated to be at US$1.4 million.

The cash consideration will be utilised to repay the secured bank loans, says Ezion.

The contract will last for one year and is expected to commence on Sept 2024.

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