Ezion Holdings

Ezion Holdings: EDB Investments is subscribing for 14.3m new Ezion shares, representing 1.07% stake, at a discounted price of $1.3315. The sale and strategic tie-up will raise net proceeds of $18.9m and enable the company to leverage on EDB’s extensive network to further expand its oil and gas business. Ezion currently trades at a forward P/E of 13.7x with 10 Buys and 1 Sell calls centering on a consensus price target of $1.88. Company will lift its trading halt at 1130.