Ezion proposes rights issue to raise up to $137.5 mil in net proceeds; enters windfarm market

SINGAPORE (June 30): Ezion Holdings has proposed an underwritten rights issue to raise net proceeds of up to $137.5 million.

The group will issue up to 487.3 million new rights shares, at an issue price of 29 cents each, on the basis of three rights shares for every 10 existing ordinary shares.

DBS bank has been appointed the lead manager for the rights issue, and one of the joint underwriters together with United Chew Thiam Keng (the Chief Executive Officer, Executive Director and

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