Ezra announced on Friday that it would divest its holding of 40 million ordinary shares, which made up 4.17% of the existing share capital of Ezion.
Total sales consideration for the divestment is S$90 million (US$71.2 million).
Ezra said it expected to realise an estimated net gain of about US$65.7 million from the transaction, subject to any other accounting adjustments which may be necessary upon completion.
Sales
