Yinson has agreed with Ezion’s lenders to buy over its debts at a discount and to take a 63.4% stake in Ezion for US$150mil in cash.
PETALING JAYA: Yinson Holdings Bhd
’s revised proposal to acquire majority interest in Ezion Holdings Ltd for US$150mil (approximately RM628mil) has been deemed “attractively priced, ” according to CGS-CIMB Research.
The research firm said in a note yesterday that the acquisition will be made at a price-to-book value multiple of 0.66 times against a heavily written-down book value.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
