KUALA LUMPUR: Kenanga Investment Bank Research views the Yinson Holdings Bhd's disposal of a minority stake in Marlim 2 FPSO to Kawasaki Kisen Kaisha Ltd (K Line) as "fair and justifiable".
"The disposal implies a total project valuation of ~RM2.1b, which is slightly below our ascribed valuation on the project of RM2.8b.
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