<div class=newsTextDataWrapInner><p>SINGAPORE (Aug 27): Ezra Holdings, the offshore contractor and provider of integrated offshore solutions, is nearing a deal to sell about a 50% stake in its subsea business to Japan’s Chiyoda Corp., said people with knowledge of the matter.</p></div>

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<div class=newsTextDataWrapInner><p>The transaction could value the subsea business at more than US$1 billion ($1.4 billion) including debt, the people said, asking not to be identified as the information is private.</p></div>

<div class=newsTextDataWrapInner><p>Ezra requested trading halt this morning, pending release of an announcement.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Year to date, Ezra shares have fallen 64%, giving the company a market a value of US$239 million.</p></div>

<div class=newsTextDataWrapInner><p>A representative for Ezra didn’t answer phone calls and didn’t immediately respond to an e-mail and mobile-phone text message seeking comment.</p></div>

<div class=newsTextDataWrapInner><p>A spokesman for Chiyoda didn’t answer a call to his office seeking comment, and a request sent to the company’s public-relations team through Chiyoda’s website wasn’t immediately replied to.</p></div>

<div class=newsTextDataWrapInner><p>Last year, Ezra sold its offshore marine supporting operations to Oslo-listed affiliate EOC Ltd. For US$520 million last year to focus on the subsea business.</p></div>

<div class=newsTextDataWrapInner><p>At that time, CEO Lionel Lee said Ezra was still looking to list its subsea division.</p></div>
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SINGAPORE (Aug 27): Ezra Holdings, the offshore contractor and provider of integrated offshore solutions, is nearing a deal to sell about a 50% stake in its subsea business to Japan’s Chiyoda Corp., said people with knowledge of the matter.

Ezra said to near sale of 50% subsea business stake to Chiyoda

Iran’s foreign minister compared the drones used in an attack by Israel early Friday to “toys”, in comments that aimed at downplaying the significance of the strike on Iranian territory.

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The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.

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Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

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Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

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<p>Iran’s foreign minister compared the drones used in an attack by Israel early Friday to “toys”, in comments that aimed at downplaying the significance of the strike on Iranian territory. &nbsp;</p>


<p>Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.</p>

<p>Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.</p>


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<p>The Malaysian Communications and Multimedia Commission (MCMC) has lodged police reports against three individuals, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar) and Wan Muhammad Azri Wan Deris (Papagomo), for making and spreading false accusations about its officers.</p>


<p>A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.</p>


<p>Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.</p>


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<p>Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.</p>


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