Yinson adopts capital recycling

“Therefore, it will have to explore alternative funding sources, primarily by recycling its capital out of 74%-owned FPSO JAK and out of 75%-owned FPSO Anna Nery,” the brokerage noted, following a recent meeting with Yinson group CEO Lim Chern Yuan(pic), group chief strategy officer Daniel Bong, and director of group CEO office Chai Jia Jun.

PETALING JAYA: Capital recycling will be part of Yinson Holdings Bhd’s financing strategy to fund its ambitious growth plans.

This means the company is prepared to reduce its 74% stake in the floating, production, storage and offloading (FPSO) unit, John Agyekum Kufuor (JAK), offshore Ghana, and 75% stake in FPSO Anna Nery, offshore Brazil.