[ad_1]
SINGAPORE – The offshore and shipping company Ezion Holdings has concluded Thursday (July 5) an agreement with a subsidiary of TSC Group Holdings to jointly hold and operate lifting vessels through a joint venture, Renergy Offshore. TSC and Ezion hold respectively 51% and 49% of Renergy.
At a filing with the Singapore Stock Exchange, Ezion said that TSC will help Renergy to obtain the capital required for the acquisition of new motorboats and working capital. Meanwhile, Ezion will help Renergy in the marketing and operation of the boats.
Ezion adds that Renergy has an issued and released capital of $ 100. Renergy intends to increase its issued and released capital to about US $ 4 million
The TSC Group is owned approximately 52 percent by China Merchants and Great Wall Ocean Strategy & Technology Fund [19659005]. $ 0.001 or 1.2 percent to $ 0.086 to 9:48, after the announcement.
[ad_2]
Source link
