Towards Financial Freedom
Ezion buys stake in JK Tech
Ezion announced that it will be buying a stake in JK Tech (JKTH SP, NR) with the intention to introduce opportunities in oil and gas exploration & production (E&P) businesses to JK Tech. JK Tech will issue 42mshares at SGD0.09 per share to Ezion with an option for anadditional 260m shares at the same price. JK Tech is also simultaneously performing a placement of 19.96m shares at SGD0.135 per share. Ezion will satisfy the first SGD3.78m consideration via an issue of 1.85m shares at SGD2.0445 per share, and it will become the majority shareholder of JK Tech with a 64.8% stake after both transactions. If the deal goes through, Ezion will be diversifying its business from liftboats into upstream E&P. We currently have a BUY recommendation on Ezion with a SGD3.00 TP.
Source: OSK-DMG
Source: OSK-DMG
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Towards Financial Freedom
Duty Free International Ltd. - A duty-free giant in the making
Created by kiasutrader | Oct 17, 2016
Cityneon Holdings - 'Avengers' showcasing in the Land Down Under
Created by kiasutrader | Jun 07, 2016
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!
Latest Videos
Apps
Top Articles
1
RHB Investment Research Reports
ST Engineering - Rolling Forward Our Valuation; Reiterate BUY
2
CEO Morning Brief
Singapore Home Sales Set for Worst Year Since Financial Crisis
3
SGX Market Dialogues
Kopi-C With GuocoLand’s Group CEO: ‘We Have Twin Engines for Growth’
4
CEO Morning Brief
DBS Posts 300% Growth in Semi-liquid Fund Sales in Greater China
5
Collin Seow Remisier Blog
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
