Brief: Ezra Holdings Says Asia Fund Space Proposes To Acquire New Equity In Co

Ezra Holdings

01/03/2018 07:02

March 1 (Reuters) - Ezra Holdings Ltd  EZRA.SI :
    * ASIA FUND SPACE PROPOSES TO ACQUIRE NEW EQUITY IN EZRA BY
SUBSCRIBING FOR NEW SHARES AND POSSIBLE SUBSEQUENT INJECTION OF
NEW ASSETS
    * ‍AFS AGREED TO INVEST S$1 MILLION INTO REORGANISED EZRA IN
EXCHANGE FOR 92% OF RESULTANT ENLARGED CAPITAL​
    * ‍ASIA FUND SPACE TO ALSO ISSUE TO EXISTING SHAREHOLDERS &
CREDITORS OF EZRA, SHARES IN HOLDING CO CONTROLLING A MYANMAR
PROPERTY BUSINESS​
    * ‍ MYANMAR PROPERTY BUSINESS IS CURRENTLY APPLYING FOR
LISTING ON
CATALIST BOARD OF SINGAPORE STOCK EXCHANGE​
    * ‍CREDITORS AND EXISTING SHAREHOLDERS OF EZRA EACH TO HOLD
4% IN
EZRA'S ENLARGED SHAREHOLDING​

Source text for Eikon:  urn:newsml:reuters.com:*:nSNZ1C9Kv0
Further company coverage:  EZRA.SI 

 ((Reuters.Briefs@thomsonreuters.com;))