Yinson’s order book rises to RM7.5b with Fred. Olsen acquisition


KUALA LUMPUR: Yinson Holdings Bhd’s order book has increased to about RM7.5bil as it now owns 97.1% of Norway’s Fred. Olsen Productions ASA (FOP) after it completed the settlement to the latter's shareholders.

It said on Friday the acquisition increased its offshore services fleet size to four floating production, storage and off-loading facility, one floating storage and off-loading facility (FSO).

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Chin Hin taps Ajiya for two-year RM250mil loan
MI Technovation posts three-fold surge in net profit
CIMB Securities eyes larger market share
InNature diversifies into the F&B industry
Yinson’s RM16bil debt too big to ignore
Leap in operating income for UOB’s retail banking
Paramount emerges as major shareholder in EWI
New capacity in the pipeline
March industrial production index up 2.4%, but below forecast
Data centre – boon or bane?

Others Also Read