Ezra / Triyards

Ezra / Triyards: Triyards, Ezra’s fabrication yard spin-off, will be listed on SGX mainboard on Oct 18. Its listing will be through a dividend-in-specie allotted to existing Ezra shareholders, with every 10 Ezra shares entitled to a Triyards share. Ezra said that at its EGM held yday it received strong support from its shareholders for the Triyards' distribution. Post-listing, Ezra's interest in Triyards will drop from 100% to 67%. Triyards is so named for Ezra’s three fabrication and engineering yards, two of which are in Vietnam and one in Houston. Its order book reached US$613.1m as of Aug 31, 2012. Some of Triyards' notable projects include the Lewek Constellation, a complex ice-class deepwater multi-lay vessel with heavy-lift capabilities, and the world's first 425-foot leg length mobile self-elevating unit (SEU).