Ezion is restructuring its marine supply base business by injecting it into Ocean Sky International (OSI SP, Not Rated). Ezion will acquire 45% of OSI through the issuance of 20.2m new shares (2.1% of enlarged share capital) at an issue priceof S$2.351 (VWAP for 24 Sep 2013). Listed on the Main Board, OSI is essentially a shell company, having recently disposed of its civil engineering, construction and property investment. The acquisition is conditional on OSI having a minimum NTA of US$30m.
DBS at Record Highs… But This Surprised Me About OCBC and UOB 👀
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Something interesting is brewing in the Singapore banking sector.
I just pulled out the charts for *DBS, OCBC, and UOB* — and what I saw
*really* ...
3 days ago
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