Ezion / YHM

Ezion / YHM: Ezion makes 0.18 ct /sh sgd0.0018/shs general offer for all the shares it does not own in YHM, after acquiring 3.2b shs and 3.96b options in YHM, with each option having right to subscribe for 1 new sh at 0.0018 ct/sh. As such, Ezion has a 44.1% stake in YHM, and triggers the mandatory GO. YHM has an outstanding tranche of 4.55b options, which are exercisable at 0.18 cts each, representing 38.6% of the max enlarged sh base. Ezion said it has no plans to introduce any major changes to YHM's businesses and intends to keep the company listed. Says, "it is the intention that YHM continues to carry on its existing business and its new offshore and on-shore oil and gas and marine-related businesses”. YHM's main operating subsidiary is engaged in the scaffolding business, catering to the construction and marine industries. Ezion shares closed at $1.54 yday, up half a cent, while YHM stock closed unchanged at $0.032.