The listing of Triyards was by way of an introduction with Singapore-listed Ezra distributing 33% of Triyards shares to existing Ezra shareholders as dividend in specie. Ezra will hold on to 67% stake in the company.
Triyards is currently the fabrication and engineering arm of Ezra. The newly listed company will venture into shiprepair business by January 2013 at its Ho Chi Minh City yard in Vietnam.
Triyards is also looking to build offshore support vessels such as anchor handling tug supply (AHTS) vessels and platform supply vessels (PSVs) going forward.
Triyards shares stood at SGD0.92 per lot at the close of trading on Thursday.
Copyright © 2024. All rights reserved. Seatrade, a trading name of Informa Markets (UK) Limited. Add Seatrade Maritime News to your Google News feed.
