TRANSPORT & LOGISTICS | Staff Reporter, Singapore

Ezion Holdings implements cost-cutting measures, disposes vessels

This is aligned with their announced restructuring plan.

Ezion Holdings Limited will dispose its vessels as part of cost-cutting measures as it transitions to a vessel management company.

According to its restructuring plan, Ezion will be refocusing “its business on the provision of vessel management services i.e. transition to a vessel management company”.

Along with the cost-cutting measures, Ezion is on the hunt for potential investors to “recapitalise the group and/or realise the value of the listed status of the company, on the basis of a vessel management company.”

Ezion has appointed RSM Corporate Advisory Pte Ltd as the corporate restructuring advisor to oversee the restructuring plan.

A ‘trading caution’ was also isssued to shareholders and investors. They were advised to read any past and future announcements when dealing with shares and securities under Ezion.

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