SINGAPORE–Triyards Holdings, a unit of offshore services provider Ezra Holdings, has been granted conditional eligibility to list on the mainboard of the Singapore Exchange, the firm said in a statement.
The listing is by way of introduction, and subject to the approval of Ezra shareholders, according to the statement. Ezra will retain a majority control of 67% in Triyards after the proposed distribution, the firm said.
Triyards, the engineering and fabrication unit of Ezra, makes offshore equipment including self-elevating units and platforms.
– Martin Vaughan, (c) 2012 Dow Jones & Company