Ezion Holdings has unveiled plans for a heavily discounted rights issue, in a move that could see the company raise up to SGD141.3m ($105m).
Proceeds from the issue could be used to help fit out and re-purpose its fleet, buy marine assets and boost operational flexibility, the company said.
It proposed issuing up to 487.3m rights shares at SGD 0.29, which represents a discount of about 44% to its closing price on Thursday.
Existing
