Ezion to provide liftboat to a South East Asian company

Its pockets will be 45.3m fatter.

Ezion Holdings Limited is announced that it has received a letter of intent with a contract value of up to approximately USD 45.3 million over a 2 year period to provide a Liftboat to be used by a South East Asian based national oil company to support its oil & gas activities. 

The Liftboat is expected to be deployed and working in South East Asian waters by the 3rd Quarter of 2013 after its final commissioning and completion. The above-mentioned transaction will be supported by funding from DBS Bank Ltd and is not expected to have a material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31st December 2013.