Pavilion Capital to invest nearly S$50 million in Ezion Holdings
Date: 2018-04-07   Author: Saipriya Iyer  Category: #market

Pavilion Capital to invest nearly S$50 million in Ezion Holdings

Ezion Holdings, a Singapore based firm operating across oil & gas business, is predicted to raise nearly S$50 million through the issuing of shares to its strategic shareholder Temasek Holdings. According to authentic sources, the Temasek-linked Pavilion Capital has decided to purchase nearly 96.2 million shares of Ezion at the price of 20.8 Singapore cents price of each share – almost S$20 million in totality.

Incidentally, the net revenue from the share settlement is likely to be around S$19.6 million.  The proceeds from the sale of the shares will be used by Ezion for expanding its loss-making business and exploring new avenues in the offshore & marine industry.

Reliable sources state that Ezion will also use a part of the proceeds as working capital to fund its joint ventures in future. As per the deal, Pavilion is likely to receive a nominal amount of one dollar along with the alternative of converting S$137.6 million into Ezion stocks at approximately 21.8 Singapore cents per each share of Ezion. If the subsidiary of Temasek completely exercises its options, then Ezion will get S$30 million in the form of additional gross revenues. In return, Pavilion is expected to possess 10.13% of ownership in Ezion’s overall share capital.

It has been reported that if the net revenues from the given alternatives are completely implemented by both the firms, Temasek as well as Ezion, then the proceeds from the deal will tally up to S$29.4 million.

Reportedly, Ezion has announced that it will accrue revenue in the range of S$11.6 million to S$13.6 million from its share settlement. The firm is likely to use this part of its overall proceeds for extensive business expansion. In fact, it plans to use nearly S$6 million to S$6.1 million for repaying the secured lenders and S$1.9 million to meet working capital needs, claim sources.



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Worldwide Biotechnology Reagents Market Forecast 2020-2025 Growth Drivers, Regional Outlook
Author: Ashwin Naphade

Market Study Report, LLC, has added an exhaustive research study of the ' Biotechnology Reagents market', detailing every single market driver and intricately analyzing the business vertical. This ' Biotechnology Reagents market' s...


2025 Projections: Four Wheel Drive Vehicles Market Report by Type, Application and Regional Outlook
Author: Ashwin Naphade

The ' Four Wheel Drive Vehicles market' report added recently by Market Study Report, LLC, evaluates the industry in terms of market size, market share, revenue estimation, and geographical outlook. The study also delivers a precise summar...


Worldwide Potassium Citrate Market Study for 2020 to 2025 providing information on Key Players, Growth Drivers and Industry challenges
Author: Ashwin Naphade

The ' Potassium Citrate market' report Added by Market Study Report, LLC, enumerates information about the industry in terms of market share, market size, revenue forecasts, and regional outlook. The report further illustrates competitive ...