Singapore's Ezra raises $96 million at 9.1% discount

The offshore and subsea oil and gas contractor receives strong demand for the offering, allowing it to exercise the upsize option in full.
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Although it operates in a capital-intensive industry, Ezra is an infrequent issuer
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<div style="text-align: left;"> Although it operates in a capital-intensive industry, Ezra is an infrequent issuer </div>

Singapore-listed Ezra Holdings has raised S$121 million ($96 million) from a top-up placement that will give it the capital resources to seek and carry out more contracts in the offshore and subsea oil and gas sector, where rising oil prices has led to a pickup in demand.

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