Yinson denies buyout talks, confirms chairman in early-stage shareholding discussions
YINSON Holdings Bhd has denied being in any discussions with third parties regarding a potential buyout of the company.
In a filing with Bursa Malaysia today, the oil and gas services provider clarified that it is not involved in any corporate exercise at this time.
However, it acknowledged that its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties over potential corporate proposals related to his shareholding in the company.
'Given that the discussions are still at an exploratory stage, there is currently no conclusive indication that these would result in a corporate proposal involving Yinson,' the company stated.
Yinson assured that it will make the necessary announcement in accordance with Bursa Malaysia's Main Market Listing Requirements should any corporate exercise materialise.
The clarification comes after Bloomberg reported that New York-based Stonepeak Partners is in exclusive talks to acquire Yinson in a deal that could value the group at up to RM9 billion (US$2.1 billion), citing unnamed sources.
If confirmed, the transaction could rank among Malaysia's largest deals this year. –BLOOMBERG
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Free Malaysia Today
12 minutes ago
- Free Malaysia Today
Warner Brothers Discovery to split into 2 companies
Warner Brothers Discovery will break into two publicly traded companies in 'Streaming & Studios' and 'Global Networks'. (EPA Images pic) NEW YORK : Warner Brothers Discovery announced today that it will split into two companies as it seeks to build up its streaming business while also maximising value in legacy news and entertainment products. The entertainment giant will break itself into two publicly traded companies in 'Streaming & Studios' and 'Global Networks'. The shift, designed to enable each venture to 'maximise its potential,' is expected to be completed by mid-2026, the company said. The move, which reallocates assets such as HBO Max and CNN, is the latest reflection of how streaming is remaking a media business in which Warner Brothers Discovery and other legacy players traditionally garnered considerable revenues from 'bundled' cable products that many consumers are now eschewing in favour of a la carte streaming purchases. Streaming & Studios will include the libraries of HBO and Warner Brothers, studio production facilities in California and Britain and tours and experiences. The venture will focus on growing HBO Max, now in 77 markets, said the company's press release. Global Networks will house Discovery, as well as CNN and TNT Sports, which are known for coverage of live events. Assets in this group currently reach 1.1 billion viewers across 200 countries and territories. Warner Brothers Discovery CEO David Zaslav will serve as chief of streaming, while Warner Brothers Discovery chief financial officer Gunnar Wiedenfels will lead global networks. 'By operating as two distinct and optimized companies in the future, we are empowering these iconic brands with the sharper focus and strategic flexibility they need to compete most effectively in today's evolving media landscape,' Zaslav said. Shares of Warner Brothers Discovery surged 10.3% in morning trading.
Malaysian Reserve
16 minutes ago
- Malaysian Reserve
Snaps Clothing Taps The Uptown Agency as Agency of Record
Collaboration to Expand Snaps' Signature Pearl Snap Shirts and Authentic Texas Spirit Across the U.S. DALLAS, June 9, 2025 /PRNewswire/ — Snaps Clothing, the Dallas-born innovator redefining menswear through its modernized pearl snap shirts, has selected The Uptown Agency as its Agency of Record. This strategic partnership unites two Texas powerhouses to elevate Snaps' mission of blending tradition with innovation while accelerating its rapid expansion into new markets. 'We searched for a partner who could amplify our story and energize our fans across every channel,' Snaps co-founder Patrick Lynn said. 'The Uptown Agency's blend of creativity, data-driven strategy, and track record of bold brand building made them the obvious choice.' A leader in versatile menswear, Snaps has continued to grow since its inception in 2021. This collaboration with The Uptown Agency will leverage data-driven, unique storytelling to amplify the brand's authentic Texas roots and nationwide appeal. Snaps, co-founded by Patrick Lynn and Ed Baronne, combined their love for live music, sports, and Southern culture to create shirts that transition seamlessly from boardrooms to backyard barbecues. Snaps has cultivated a devoted following among professionals, outdoor enthusiasts, and college communities. As Snaps' Agency of Record, The Uptown Agency will deploy a multi-channel strategy to amplify their 'everyday adventure' narrative while broadening its demographic reach through brand storytelling, digital media, influencer collaborations, and experiential activations. 'Snaps embodies the spirit of Texas – bold, innovative, and unapologetically authentic,' said Joseph Alexander, President & CEO of The Uptown Agency. 'Our goal is to channel that energy into campaigns that resonate far beyond our roots, positioning Snaps as the go-to shirt for anyone valuing style without sacrifice.' With The Uptown Agency's expertise, Snaps aims to capitalize on the $40 billion menswear market by emphasizing its unique value proposition: shirts engineered for 'last call to work calls'. Upcoming initiatives include expanding the Tailgater Collection to additional NCAA schools and introducing limited-edition designs inspired by Texas music legends. 'We're inviting people into a community that celebrates grit, creativity, and the joy of the unplanned,' added Lynn. 'The Uptown Agency understands how to scale that ethos without losing what makes us distinctly Snaps.' As the brand prepares to unveil its Fall 2025 line, this partnership signals a new chapter in Snaps' journey to make the pearl snap shirt a wardrobe staple from coast to coast and beyond. About Snaps Clothing Dallas-based Snaps Clothing Co. is a pioneering menswear brand redefining Western heritage through modernized pearl snap shirts designed for versatility, performance, and everyday adventure. Co-founded by Patrick Lynn and Ed Baronne—two corporate professionals turned disruptors—the brand emerged from a shared passion for live music, Southern culture, and functional style. Snaps merges timeless design with cutting-edge fabric technology, offering shirts engineered to transition seamlessly from boardrooms to backyard barbecues. They feature moisture-wicking CoolMax® blends, wrinkle-resistant twill, and UPF 50+ sun protection. Learn more at About The Uptown Agency The Uptown Agency is an award-winning, full-service marketing and branding partner dedicated to engineering differentiation through creative excellence and data-driven strategy. Recognized as a leader in brand growth, the agency combines industry-leading expertise in brand strategy, creative development, digital marketing, web development, and PR to deliver bespoke solutions that activate audiences and drive measurable results. The Uptown Agency is a true extension of client teams, prioritizing deep business understanding over templated approaches. Their work spans strategic brand overhauls, custom-coded web experiences, and high-impact campaigns that blend cultural relevance with technical precision. Explore their work at
BusinessToday
24 minutes ago
- BusinessToday
DBS Breaks US$100 Billion Barrier, Becomes Singapore's First Bank To Hit Milestone
DBS Group Holdings Ltd has become the first Singapore-based bank to cross the US$100 billion mark in market capitalisation, bolstered by a rally in its share price and a strengthening Singapore dollar. Shares of Southeast Asia's largest lender rose as much as 0.8% on June 9 to S$45.50, pushing its market value to S$129 billion (US$100.2 billion). The stock has gained 4.3% so far in 2025, with much of the appreciation amplified in US dollar terms due to a 6% rise in the Singapore dollar against the greenback. The milestone comes on the heels of robust financial performance and investor confidence. Singaporean banks, including DBS, have committed to returning billions in surplus capital to shareholders following record earnings in 2024. DBS' gains were driven by higher lending activity and wealth management fees. Tan Su Shan, who succeeded longtime Chief Executive Officer Piyush Gupta in March, said during her debut earnings call that the bank is positioning itself to capture value from supply chain shifts and increasing demand for foreign exchange hedging services. DBS is also strengthening its foothold in private banking. According to Asian Private Banker, it remains the third-largest wealth manager in Asia outside mainland China. The bank recorded S$21 billion in net new money last year, marking its third consecutive year of inflows above S$20 billion. Related
