Ezion said Tuesday Yinson’s offer to subscribe to its shares and convert its debt into equity has lapsed, with conditions unmet after six months.
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Ezion said Friday Malaysian offshore services provider Yinson was still in talks with the Singapore company’s lenders over debt assignment agreements.
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
Yinson is in advanced talks to take over US$916 million of debts from troubled liftboat charterer Ezion’s lenders, the Singapore company said Sunday.