AmInvestment prefers companies with stable and recurring earnings such as Dialog Group and Yinson
PETALING JAYA: Oil and gas (O&G) services provider Yinson Holdings Bhd
’s move to dispose of the 26% stake in a Ghana-based floating production, storage and offloading (FPSO) unit will strengthen the company’s cash position that can be used for expansion, analysts said.
The disposal of the stake to a consortium of Japanese companies is valued at between US$104mil and US$117mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
