Ezion Holdings’ wholly owned subsidiary Teras Fortress 2 (TF2PL) has disposed of a liftboat to Virgo Shipping for a cash consideration of US$22 million ($29.2 million).

Virgo Shipping is mainly involved in the business of chartering of ships and vessels to support the marine and offshore oil and gas industry.

SEE: Yinson offers to rescue Ezion by paying US$200 mil for controlling stake

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook