Wednesday, November 3, 2010

Perisai ... Nov10

Sources say Ezra Holdings Ltd, is looking to increase its stake in oil and gas outfit Perisai via the injection of assets.

It is believed that Singapore based Ezra, which has 19.94% equity interest in Perisai is looking to inject up to three anchor handling tugs into the latter in return for shares.

Ezra states that it has in excess of 33 offshore support vessels with varying bhp in 2009.

If all goes as planned, the deal could be concluded by Nov 2010. It is not known how a big stake Ezra is eyeing, but it is likely that it will emerge as the single largest shareholder and control Perisai destiny.

At present, Mercury Pacific Marine Pte Ltd is the largest shareholder in Perisai with 24.59%. Singapore registered Mercuty Marine is controlled by Datuk Shahrir Abdul Jalil and Datuk Ahmad Redza Abdullah.

It is also likely that Ezra will avoid triggering a MGO, which means it will keep its shareholding below 33.3% or seek waiver from making a general offer in the event that it crosses this level.

The addition of new assts into Perisai will augur well for the company’s earnings.

For six months ended June 2010, it posted a net profit of RM11.95 million on the back of RM38 million in revenue.

With Ezra playing a more active role, it is likely Perisai fortunes could improve.
Perisai would benefit when the oil and gas upcycle occurs.

Ezra is controlled by the family of Lee Kain Soo, who collectively own more than 25% of the company’s shares base. The company acquired Norway based Aker Solutions ASA’s unit for US$250 million.

With this acquisition, Aker Solutions will have a substantial shareholding in Ezra and have board representation.

Thus with Ezra and Aker at the helm, of Perisai, there could be more business coming to Perisai’s way.

28 comments:

  1. xanax online easy overdose xanax alcohol - buy xanax online no prescription with mastercard

    ReplyDelete
  2. generic xanax can xanax pills be injected - xanax 83

    ReplyDelete
  3. generic xanax cheap xanax without prescriptions - negative side effects xanax

    ReplyDelete
  4. buy tramadol no prescription tramadol 37.5 get high - naltrexone for tramadol addiction

    ReplyDelete
  5. xanax buy online no prescription buy 2mg xanax bars no prescription - xanax used get high

    ReplyDelete
  6. buy tramadol online tramadol jaw clenching - tramadol 50mg for dogs safe for humans

    ReplyDelete
  7. buy tramadol online cheap tramadol without rx - tramadol withdrawal coping

    ReplyDelete
  8. tramadol generic tramadol hcl mechanism of action - tramadol withdrawal vomiting

    ReplyDelete
  9. buy tramadol online tramadol 50 mg strength - purchase tramadol online no prescription

    ReplyDelete
  10. generic xanax long will 1mg xanax - xanax not working

    ReplyDelete
  11. buy cialis online buy cialis online fast delivery - cialis online best price

    ReplyDelete
  12. buy tramadol online recovery from tramadol addiction - can you get tramadol online legally

    ReplyDelete
  13. buy cialis online buy cialis online in malaysia - buy cialis with mastercard

    ReplyDelete
  14. xanax online white 2mg xanax bars - does generic xanax pills look like

    ReplyDelete
  15. buy generic cialis no prescription cialis 20mg price us - where to buy cialis online yahoo answers

    ReplyDelete
  16. buy cialis online cialis price euro - cialis 72 ore

    ReplyDelete
  17. xanax online xanax bars effects - xanax withdrawal symptoms

    ReplyDelete
  18. order tadalafil generic cialis ebay - reviews for cialis

    ReplyDelete
  19. buy cialis online generic cialis is it legal - cialis online free sample

    ReplyDelete
  20. http://buytramadolonlinecool.com/#63102 tramadol dosage men - buy tramadol hydrochloride 50mg

    ReplyDelete
  21. http://landvoicelearning.com/#44827 tramadol dosage euphoria - tramadol withdrawal in newborns

    ReplyDelete
  22. http://buytramadolonlinecool.com/#28875 ultram tramadol hci tablets - buy tramadol 50 mg online

    ReplyDelete
  23. http://blog.dawn.com/dblog/buy/#about-us buy tramadol in florida - tramadol 50mg side effects in dogs

    ReplyDelete
  24. buy tramadol tramadol 10 100 mg - tramadol vs codeine

    ReplyDelete
  25. http://reidmoody.com/#92465 ativan sublingual overdose - ativan vs xanax half life

    ReplyDelete
  26. buy tramadol online what is tramadol generic for - tramadol biogaran l.p.100mg

    ReplyDelete
  27. http://ranchodelastortugas.com/#37284 valium vs xanax for anxiety - amount needed overdose xanax

    ReplyDelete
  28. Whаt's up, all the time i used to check web site posts here in the early hours in the break of day, since i like to find out more and more.

    Feel free to visit my blog ... payday loans

    ReplyDelete