Ezion Investments puts up Mauritius subsidiary
The principal activity of Ezion Exerter is that of rig owner and provision of rig services.
The Board of Directors of Ezion Holdings Limited announced that Ezion Investments Pte Ltd, a wholly-owned subsidiary of the company, had established a wholly-owned subsidiary in Mauritius under the name “Ezion Exerter Limited”.
The total issued and paid-up capital of Ezion Exerter is USD100,000.
The transaction was funded through internal resources and is not expected to have any material impact on Ezion Holdings’ earnings per share or net tangible assets for the current financial year ending 31st December 2012.