Ezion Holdings

[Squirrel]

Ezion is paying Yinson to take over their debts by issuance of new shares and options to yinson.Total amount Yinson paying include 916min as well

Hi don , Please clarify what did you mean by '' Total amount Yinson paying include 916min as well '' ?

Thought Yinson will only come out with US$200m ?

Usd 916m assumed by yinson or Ezion pay yinson by issuing 22b ++ shares which total to  usd916m for yinson to take over their debts. Debts not repay yet just change hand. Doesn’t yinson need to repay the banks? The question is when. A question for yinson shareholders and a concern for Ezion if yinson is not strong enough.

But Ezion is still short of cash, this is where the 200m come in for daily needs. Ie working capital.

My understanding from the announcement is that

- Yinson pays the banks 200m to assume the 916m debt
- Yinson swaps the debt to equity to assume equity control of 86% of the firm
- Yinson passes on 16% of the shares to the secured debt holders (the banks that they bought the debt over from)
- Yinson holds 70% of Ezion after the whole exercise