Ezra Holdings is disputing a put option exercised by Perisai Petroleum Teknologi.
The Singapore-listed company said its subsidiary EMAS Offshore received a notice from Perisai about the sale of SJR Marine shares to EMAS for $43m.
Under an agreement signed between EMAS and Perisai over SJR Marine in 2012, the Kuala-Lumpur based company has the option to sell its 51% stake.
But EMAS said in an announcement it was disputing the put option rights exercised by Perisai.
It
