Ezion Holdings said it had placed out 10 million new shares to Tan Boy Tee for the cash consideration of $12.635 million.
Tan is an existing shareholder of the company and was formerly the founder and chairman of Labroy Marine.
Ezion says it intends to engage Tan as a strategic partner and ad hoc adviser in respect of its service rig and marine related projects going forward.
Tan also plans to provide funding for future projects of the company.
No comments:
Post a Comment