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Ezion raises $10m cash

Ezion raises $10m cash
Singapore: Offshore services provider Ezion Holdings has bagged a considerable cash amount raised from placement of 10m new ordinary shares in November 2012.

Singapore-listed Ezion announced on Friday that the net proceeds of approximately SGD12.54m ($10.02m) have been fully disbursed for the acquisition of the offshore and marine assets.

The issue of the placement shares were made separately on 6 November, 19 November, and 22 November last year.

Ezion owns a fleet of liftboats, tugs, ballastable barges, offshore support vessels and self-propelled barges to provide marine logistics and support services to the offshore oil and gas industries.