RM500,000 gain for Yinson from unit disposals


PETALING JAYA: Yinson Holdings Bhd is expected to gain a mere RM500,000 from the proposed disposal of its non-oil and gas (O&G) subsidiaries to Liannex Labuan Ltd.

In a filing with Bursa Malaysia, Yinson said it had signed a conditional share sale agreement with Liannex to dispose of its entire equity interests in five subsidiaries for a total cash consideration of RM168mil.

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Business , Yinson , oil and gas , divestment

   

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