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Yinson to the rescue

In print this week

Yinson to the rescue

Jeffrey Tan Published on Fri, Mar 06, 2020 / 7:00 AM GMT+8

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Why Bursa Malaysia-listed Yinson is playing white knight to Ezion, the provider of liftboats and support vessels which is sinking from debt

On March 5, following the announcement by Yinson Holdings and Ezion Holdings of a renewed scheme of arrangement, Lim Chern Yuan, group CEO of Yinson Holdings, recounted the reasons why his company is interested in Ezion. It is all about the liftboats, which can work in the traditional oil and gas fields, decommission those fields and move on to renewables.

“We do see Ezion as a notable player in the liftboats segment,” he told reporters from The Edge Singapore in a recent interview. But it could be some time before Ezion contributes positively to Yinson’s bottomline.

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Yinson to the rescue

In print this week

Yinson to the rescue

Primary tabs

Error message

Yinson to the rescue

In print this week

Yinson to the rescue

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