Ezion

Ezion: Asia Fountain Investment- an indirect wholly owned subsidiary of Guoco Group Limited and GuoLine Capital- under Hong Leong (Malaysia) group, has subscribed for 100m new shares in a private placement at $1.94/share. Management indicated their joy of having Tan Sri Quek Leng Chan on board as one of the group's shareholders, and that the company would be able to keep up with the growth without having to raise further equity for at least the next 12 months. Counter has resumed trading, unchanged from yesterday's close of $2.13.