PETALING JAYA: Yinson Holdings Bhd
’s offshore production business, Yinson Production Offshore Holdings Ltd, has entered into a definitive agreement with a consortium of investors to issue US$1bil in redeemable convertible preferred shares (RCPS) and 10% warrants, at a post-money valuation of US$3.7bil.
In a statement, Yinson said the consortium of investors comprised Platinum Lily B 2024 RSC Ltd, a wholly-owned subsidiary of the Abu Dhabi Investment Authority (Adia), and funds managed by British Columbia Investment Management Corp (BCI) and RRJ Group.
