Lee Kian Soo News

EMAS Offshore boosts profile amongst international investment community by providing Asian platform for growth;  Singapore public offer opens at 6.00 p.m. today and closes at 12.00  noon on 2 Oct 2014. EMAS Offshore Limited (“EMAS Offshore”, or the “Group”), formerly known as EOC Limited (“EOC”), is pleased to announce the launch of its public offering of shares following the registration of its prospectus (the “Prospectus”) with the Monetary Authority of Singapore (“MAS”), in…

Ezra Holdings Limited today announced plans to consolidate its Offshore Support Services division, EMAS Marine, into its associated company, EOC Limited, which is listed on the Oslo Børs, Norway. Upon completion of the transaction, the enlarged EOC Group will be one of the largest offshore support operators in Asia Pacific by asset value, managing an offshore services platform comprising over $1 billion in offshore support assets. Its diverse and versatile fleet of 50 offshore vessels is among the youngest in the region. The fleet has a combined bollard pull of almost 4,000 tons, more than 37,000 dwt and a total of almost 350,000 BHP, making it one of the strongest and most powerful in the region, with capabilities to operate globally at ultra-deep water depths.

Mr. Lee Kian Soo, Executive Chairman of the Company, steps down to be replaced by Mr. Koh Poh Tiong. Ezra is a leading offshore contractor and provider of integrated offshore solutions in the offshore oil and gas industry. The wide range of services that Ezra offers includes subsea construction and maintenance, drilling support, towing and mooring, pipe and cable operations, high speed cargo and crew transportation. Lee Kian Soo, was founder and Executive Chairman of Ezra Holdings with 20 years at the helm. He leaves with the Group in a strong position, having achieved revenues of nearly US$1 billion in Financial Year 2012. Succeeding him is corporate veteran Mr Koh Poh Tiong…