KUALA LUMPUR: Energy infrastructure firm Yinson Holdings Bhd
. is close to signing up investors for a funding round in its unit that makes equipment used by the offshore oil and gas industry, according to people with knowledge of the matter.
Abu Dhabi Investment Authority, British Columbia Investment Management Corp. and RRJ Capital will likely subscribe to $1 billion in redeemable convertible preference shares as soon as this week, the people said, asking not to be identified because the process is private. The trio is also expected to subscribe to another $500 million at a later, unspecified date, according to the people.
