EQUITIES: Ezion completes S$96.8m top-up placement
Marine services firm Ezion Holdings has completed a top-up placement to raise S$96.8m (US$76.9m). It sold 110m shares at S$0.88 each, a 6.6% discount to the February 21 VWAP, and the middle of the S$0.86–$0.90 guidance range. The new shares are equivalent to 15.4% of the existing company capital and 13.4% of the enlarged share capital. The deal was launched at a base size of 100m shares and could have been increased by up to 42m shares. CLSA was sole bookrunner.
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