Yinson yet to decide on RM4bil privatisation offer

The board said it was still deliberating on the proposed scheme, with a further announcement to be made in due course once a decision had been reached.

PETALING JAYA: Floating production, storage and offloading (FPSO) vessel operator Yinson Holdings Bhd has clarified that no decision has been made on the RM4bil buyout offer from a consortium comprising MISC Bhd, the company’s founding Lim family and the Employees Provident Fund.

The offer, received by Yinson’s board on Nov 6, proposes that the consortium acquire the remaining 55.2% stake in the company for RM2.50 a share, valuing the company at RM7.31bil.