Ezion clinches deal to jointly market two China service rigs

It’s faring well in the windfarm sector, analysts say.

Ezion Holdings has inked a deal to jointly market two service rigs being built by a stated-owned enterprise in China to support the offshore windfarm, oil, and gas activities in the energy sector.

According to a report by RHB, Ezion will also provide technical expertise for the deployment and operations of the two service rigs, and has been granted options to purchase the service rigs.

“We view this as a positive development for its entry into the windfarm sector in China, following on the Strategic Cooperation Agreement signed last month,” stated RHB.

Meanwhile, Ezion noted in an announcement that the agreement is not expected to have a material impact on the company’s earnings per share, or net tangible assets per share for the financial year ending 21 December 2016.