Malaysian contractor Yinson Holdings has outlined a plan to acquire a controlling stake in the Singapore liftboat company Ezion Holdings.
Yinson said three separate proposals are planned. It will acquire Ezion's debt of US$916 million for a sum to be agreed with lenders, but tentatively set at US$200 million plus Ezion shares, followed by the conversion of US$916 million debt into Ezion shares, and an option agreement to 3.3
