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icapital.biz / corporate news / EZION / Divestment of wholly owned subsidiary
Divestment of wholly owned subsidiary
It has entered into a share purchase agreement with Sea Explorer Ltd, a wholly owned entity of the Company’s Malaysian business partner in the offshore and marine sector, pursuant to which Sea Explorer shall purchase, and the Company shall sell, the Company’s 50% shareholding in Teras Conquest 8 Pte Ltd and Teras Lyza Pte Ltd.