Ezra Holdings forms two new companies

The Board of Directors of Ezra Holdings Limited in Singapore has announced that Ezra has formed two new subsidiary companies.

The first new subsidiary company is Bayu Intan Nigeria Limited (incorporated in Nigeria with a paid-up and issued share capital of 25 million Nigerian nairas, comprising 25,000,000 ordinary shares of 1 Nigerian naira each), was formed through Ezra’s acquisition of 24,999,999 ordinary shares in Bayu Intan Nigeria Limited for 24,999,999 Nigerian nairas. One ordinary share in Bayu Intan Nigeria Limited is owned or held by a director of Bayu Intan Nigeria Limited.

The second company is a new wholly-owned subsidiary company, Emas Subsea Services Pte Ltd (incorporated in Singapore), through Ezra’s acquisition of the entire issued and paid-up capital (of US$1, comprising 1 share of US$1 each) of Emas Subsea Services Pte Ltd for US$1. OSJ