Yinson raises RM283.2mil in private placement to expand RE, green tech businesses

KUALA LUMPUR: Yinson Holdings Bhd has raised RM283.2mil in proceeds following the completion of an accelerated book-building exercise, which will go towards expanding Yinson’s renewables and green technology businesses.

In the exercise, 120 million new shares or 4.1% of its total issued shares were placed out to selected institutional investors at an issue price of RM2.36 a share.