Ezion Investments (EIPL), a subsidiary of Singapore's Ezion Holdings, has formed a joint venture agreement with Pacific International Offshore (PIO) to work together to provide additional assets to an existing client, a national oil company, for development and production related work.
Ezion will own 33% of the joint venture company while PIO will own 67%.
The principal registered activities of PIO are offshore marine vessel owning, chartering and related services and PIO is 51% owned by Pacific International Lines (Private) Ltd., 34% owned by Tan Kim Seng and 15% owned by Ang Boon Cheow Edward.
Image from Ezion.
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