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Thank you white knight. With this savior, Ezion would likely back to glory days, with the established presence of Yinson in the market. Time for me to average down with huge huge lots, and awaiting for its turnaround business.
Just my view.
Need to wait for another 1 month at least
This transaction needs an EGM for shareholders to approve , so just have to wait for the EGM to be called .
So after all the news, when will Ezion back for trading?
I am just trying to think: After all the subscription of the shares, Yinson will have 60+% of the company. I don' t think Yinson will allow Ezion to close-shop. Yinson has been doing very well for the past 1 year, winning contracts and believe that Ezion will be soon part of Yinson' s game. Hence the shares price for Ezion should not be the case of " sell-off" but with Yinson backing up, it should grow after the subscription takes place. So to hold it for mid to long team should see some good results.
Any other view? I am just trying to be objective.
whats happening to family run business Pacific radiance, its been a long time, let go to others or consolidate to get it moving
guards80 ( Date: 02-Mar-2020 01:27) Posted:
Some good news here 👆 👆 👆
guards80 ( Date: 02-Mar-2020 01:23) Posted:
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means 3c buy over?
unless businesstimes is referring to this: [from
http://ezion.listedcompany.com/newsroom/20200228_233844_5ME_PQZP0LTA4G121JHQ.1.pdf ]
In consideration of the Proposed Subscription, (a) the Company shall capitalise US$482,330,928.64 amounting to all the Relevant Debt owed to the Subscriber, pursuant to the Debt Assignment Agreements to be entered into and (b) the Subscriber shall inject capital in the sum of up to US$46,985,964.44 in cash to the Company (or such amount being US$150,000,000.00 less the aggregate cash consideration payable and/or paid by the Subscriber to the Major Secured Lender under the Debt Assignment Agreements).
Either way, one says USD, businesstimes say SGD.
According to businesstimes,
Under the conditional debt conversion agreement with Yinson&rsquo s indirect wholly owned subsidiary Yinson Eden, S$482.3 million of Ezion&rsquo s debt will be wiped out by Yinson Eden in exchange for the company getting 23 billion new ordinary shares in Ezion at an issue price of 3.17 Singapore cents per share.
According to
http://ezion.listedcompany.com/newsroom/20200228_233844_5ME_PQZP0LTA4G121JHQ.1.pdf
Subsequent to the proposed Scheme of Arrangement and Proposed Transactions contemplated with the Subscriber, it is anticipated that the total debts of the Company (actual or contingent) shall be reduced from approximately US$1.6 billion to only secured bank debt of less than approximately US$403 million and the Subscriber will have a shareholding in the Company of no less than 63.46%.
Business Times tsk tsk.
guards80 ( Date: 02-Mar-2020 01:23) Posted:
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Wow good news indeed to reach agreement with white knight!
This will boost all oil and shipping counters.
Good to see narrowing loss - " Separately on Feb 29, 2020, Ezion posted a narrower fourth-quarter loss of US$167.1 million, compared with a loss of US$390.8 million the year before."
Will this be another multibagger , keep for 16 ct, 20ct , like Rex?
guards80 ( Date: 02-Mar-2020 01:27) Posted:
Some good news here 👆 👆 👆
guards80 ( Date: 02-Mar-2020 01:23) Posted:
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Some good news here 👆 👆 👆
guards80 ( Date: 02-Mar-2020 01:23) Posted:
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If they cash out at 3 cent ok la better than now 0 cent
TraderBen ( Date: 01-Mar-2020 18:33) Posted:
If ezion still cannot turn things around. Then can really say goodbye. I am sure quite a number of miniority holders will cash out at ard 3 cents
kt3152 ( Date: 01-Mar-2020 15:53) Posted:
| ZION HOLDINGS LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 199904364E)
ENTRY INTO, INTER ALIA:
(A) THE CONDITIONAL SUBSCRIPTION AGREEMENT
(B) THE CONDITIONAL OPTIONS AND CONVERTIBLE NOTES SUBSCRIPTION
AGREEMENT AND
(C) THE DEPOSIT AGREEMENT.
1. INTRODUCTION
1.1. The board of directors (the ?Board? or the ?Directors?) of Ezion Holdings Limited (the
?Company?, and together with its subsidiaries, the ?Group?) refers to the prior announcements
made on 4 February 2019, 1 March 2019, 31 March 2019, 12 April 2019, 15 April 2019 and 1
October 2019 in relation to discussions with a potential strategic investor and the subsequent
entry into and lapse of agreements with such investor.
Agreements between the Company and Yinson Eden Pte. Ltd.
1.2. In relation to the above, the Board wishes to announce that the Company has on 28 February
2020 entered into the following agreements (the ?Transaction Agreements?):
(a) a conditional subscription agreement with Yinson Eden Pte. Ltd. (the ?Subscriber?)
(the ?Conditional Subscription Agreement?) for the proposed allotment and issue of
approximately 23,042,817,426 new ordinary shares in the capital of the Company (the
?Shares?) (the ?Subscription Shares?) to the Subscriber and/or to such other entities
as the Subscriber may direct at an issue price of S$0.0317 (the ?Issue Price?) per
Subscription Share for the Singapore Dollar equivalent of the Relevant Debt (as defined
below) and the Cash Consideration (as defined below) (based on the exchange rate of
US$1.00 : S$1.38 (the ?Exchange Rate?)). The Issue Price is subject to adjustment,
with a minimum price of S$0.0288 (the ?Minimum Issue Price?) and if adjusted, up to
25,363,101,126 Shares shall be issued. The Subscription Shares shall be issued in
consideration of the following:
(i) a capitalisation of all of the Relevant Debt acquired by the Subscriber pursuant
to the Debt Assignment Agreements (as defined below), following which the
relevant Group Companies (as defined below) shall be deemed to have repaid
all of the Relevant Debt to the Subscriber and the Subscriber shall fully release
and discharge the relevant Group Companies from their payment obligations
of such Relevant Debt and
(ii) a cash consideration of approximately US$47.0 million, being the sum
equivalent of US$150.0 million less the aggregate cash consideration payable
and/or paid by the Subscriber to the Major Secured Lenders under the Debt
Assignment Agreements (the ?Cash Consideration?),
(collectively, the ?Proposed Subscription?). Please see paragraph 4.1 (Principal
Terms of the Conditional Subscription Agreement) for further information
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If ezion still cannot turn things around. Then can really say goodbye. I am sure quite a number of miniority holders will cash out at ard 3 cents
kt3152 ( Date: 01-Mar-2020 15:53) Posted:
ZION HOLDINGS LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 199904364E)
ENTRY INTO, INTER ALIA:
(A) THE CONDITIONAL SUBSCRIPTION AGREEMENT
(B) THE CONDITIONAL OPTIONS AND CONVERTIBLE NOTES SUBSCRIPTION
AGREEMENT AND
(C) THE DEPOSIT AGREEMENT.
1. INTRODUCTION
1.1. The board of directors (the ?Board? or the ?Directors?) of Ezion Holdings Limited (the
?Company?, and together with its subsidiaries, the ?Group?) refers to the prior announcements
made on 4 February 2019, 1 March 2019, 31 March 2019, 12 April 2019, 15 April 2019 and 1
October 2019 in relation to discussions with a potential strategic investor and the subsequent
entry into and lapse of agreements with such investor.
Agreements between the Company and Yinson Eden Pte. Ltd.
1.2. In relation to the above, the Board wishes to announce that the Company has on 28 February
2020 entered into the following agreements (the ?Transaction Agreements?):
(a) a conditional subscription agreement with Yinson Eden Pte. Ltd. (the ?Subscriber?)
(the ?Conditional Subscription Agreement?) for the proposed allotment and issue of
approximately 23,042,817,426 new ordinary shares in the capital of the Company (the
?Shares?) (the ?Subscription Shares?) to the Subscriber and/or to such other entities
as the Subscriber may direct at an issue price of S$0.0317 (the ?Issue Price?) per
Subscription Share for the Singapore Dollar equivalent of the Relevant Debt (as defined
below) and the Cash Consideration (as defined below) (based on the exchange rate of
US$1.00 : S$1.38 (the ?Exchange Rate?)). The Issue Price is subject to adjustment,
with a minimum price of S$0.0288 (the ?Minimum Issue Price?) and if adjusted, up to
25,363,101,126 Shares shall be issued. The Subscription Shares shall be issued in
consideration of the following:
(i) a capitalisation of all of the Relevant Debt acquired by the Subscriber pursuant
to the Debt Assignment Agreements (as defined below), following which the
relevant Group Companies (as defined below) shall be deemed to have repaid
all of the Relevant Debt to the Subscriber and the Subscriber shall fully release
and discharge the relevant Group Companies from their payment obligations
of such Relevant Debt and
(ii) a cash consideration of approximately US$47.0 million, being the sum
equivalent of US$150.0 million less the aggregate cash consideration payable
and/or paid by the Subscriber to the Major Secured Lenders under the Debt
Assignment Agreements (the ?Cash Consideration?),
(collectively, the ?Proposed Subscription?). Please see paragraph 4.1 (Principal
Terms of the Conditional Subscription Agreement) for further information
TraderBen ( Date: 29-Feb-2020 22:30) Posted:
| What agreement? I saw the losses 600m I close the file alrdy |
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ZION HOLDINGS LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 199904364E)
ENTRY INTO, INTER ALIA:
(A) THE CONDITIONAL SUBSCRIPTION AGREEMENT
(B) THE CONDITIONAL OPTIONS AND CONVERTIBLE NOTES SUBSCRIPTION
AGREEMENT AND
(C) THE DEPOSIT AGREEMENT.
1. INTRODUCTION
1.1. The board of directors (the ?Board? or the ?Directors?) of Ezion Holdings Limited (the
?Company?, and together with its subsidiaries, the ?Group?) refers to the prior announcements
made on 4 February 2019, 1 March 2019, 31 March 2019, 12 April 2019, 15 April 2019 and 1
October 2019 in relation to discussions with a potential strategic investor and the subsequent
entry into and lapse of agreements with such investor.
Agreements between the Company and Yinson Eden Pte. Ltd.
1.2. In relation to the above, the Board wishes to announce that the Company has on 28 February
2020 entered into the following agreements (the ?Transaction Agreements?):
(a) a conditional subscription agreement with Yinson Eden Pte. Ltd. (the ?Subscriber?)
(the ?Conditional Subscription Agreement?) for the proposed allotment and issue of
approximately 23,042,817,426 new ordinary shares in the capital of the Company (the
?Shares?) (the ?Subscription Shares?) to the Subscriber and/or to such other entities
as the Subscriber may direct at an issue price of S$0.0317 (the ?Issue Price?) per
Subscription Share for the Singapore Dollar equivalent of the Relevant Debt (as defined
below) and the Cash Consideration (as defined below) (based on the exchange rate of
US$1.00 : S$1.38 (the ?Exchange Rate?)). The Issue Price is subject to adjustment,
with a minimum price of S$0.0288 (the ?Minimum Issue Price?) and if adjusted, up to
25,363,101,126 Shares shall be issued. The Subscription Shares shall be issued in
consideration of the following:
(i) a capitalisation of all of the Relevant Debt acquired by the Subscriber pursuant
to the Debt Assignment Agreements (as defined below), following which the
relevant Group Companies (as defined below) shall be deemed to have repaid
all of the Relevant Debt to the Subscriber and the Subscriber shall fully release
and discharge the relevant Group Companies from their payment obligations
of such Relevant Debt and
(ii) a cash consideration of approximately US$47.0 million, being the sum
equivalent of US$150.0 million less the aggregate cash consideration payable
and/or paid by the Subscriber to the Major Secured Lenders under the Debt
Assignment Agreements (the ?Cash Consideration?),
(collectively, the ?Proposed Subscription?). Please see paragraph 4.1 (Principal
Terms of the Conditional Subscription Agreement) for further information
TraderBen ( Date: 29-Feb-2020 22:30) Posted:
What agreement? I saw the losses 600m I close the file alrdy
kt3152 ( Date: 29-Feb-2020 08:52) Posted:
| Those who own ezion may be able to see some light with the new agreement. Massive share dilution if it goes through. Better than no taker I guess. Yinson seems quite good in their biz... NV..... |
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Bought at 37 cents. Hopefully it gets listed again. Get back something than lost everything 😔
TraderBen ( Date: 29-Feb-2020 22:30) Posted:
What agreement? I saw the losses 600m I close the file alrdy
kt3152 ( Date: 29-Feb-2020 08:52) Posted:
| Those who own ezion may be able to see some light with the new agreement. Massive share dilution if it goes through. Better than no taker I guess. Yinson seems quite good in their biz... NV..... |
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Bought 0.37 wonder at what price will it be listed again.
What agreement? I saw the losses 600m I close the file alrdy
kt3152 ( Date: 29-Feb-2020 08:52) Posted:
| Those who own ezion may be able to see some light with the new agreement. Massive share dilution if it goes through. Better than no taker I guess. Yinson seems quite good in their biz... NV..... |
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Suspended how to trade. Haha
SAVIORFOREVER ( Date: 29-Feb-2020 13:04) Posted:
Barring any unforeseen circumstances.
Trade with awareness
kt3152 ( Date: 29-Feb-2020 08:52) Posted:
| Those who own ezion may be able to see some light with the new agreement. Massive share dilution if it goes through. Better than no taker I guess. Yinson seems quite good in their biz... NV..... |
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Barring any unforeseen circumstances.
Trade with awareness
kt3152 ( Date: 29-Feb-2020 08:52) Posted:
| Those who own ezion may be able to see some light with the new agreement. Massive share dilution if it goes through. Better than no taker I guess. Yinson seems quite good in their biz... NV..... |
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