Ezra agrees to deferred payment from EOC as part of consolidation plan

Up to $158.58m may be paid over a period of 3 years.

Mainboard-listed Ezra Holdings revealed its consolidation plans for its subsidiary EOC early in August. The move aims to consolidate EOC’s offshore support services business to position EOC Group as an integrated offshore solution provider.

Today, Ezra revealed that it is agreeing to receive up to $158.58m (US$125m) of the cash consideration of $190.3 (US$150m) on a deferred basis over a period of 3 years.

The interest payable will be at the rate of 3.5% per annum on the outstanding principal amount of the deferred consideration in the second and third years of the payment period.

“Taking into account, inter alia, the rationale for the Proposed Consolidation, the payment terms of the Deferred Consideration and that the completion of the Proposed Consolidation is in the best interests of the Company, the Board of Directors has agreed to the Deferred Consideration to facilitate completion of the Proposed Consolidation,” stated Ezra in a release to the SGX.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia