Latest news with #YinsonHoldingsBhd
The Star
9 hours ago
- Business
- The Star
Trading ideas: Yinson, 99 Speed Mart, Sealink, Citaglobal, Chin Well
KUALA LUMPUR: Here are some stocks that could see trading interest today following their latest news, including Yinson Holdings Bhd , 99 Speed Mart Retail Holdings Bhd, Sealink International Bhd , Citaglobal Bhd , and Chin Well Holdings Bhd . Yinson has clarified that it is not in discussions with any third parties regarding a buyout exercise. However, the group said its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties concerning potential corporate proposals related to its shareholding. The Employees Provident Fund (EPF) has acquired a 5.02% stake in 99 Speed Mart through a direct off-market transaction. Citaglobal has appointed 27-year-old Tengku Muhammad Iskandar Ri'ayatuddin Shah (Tengku Arif Bendahara) as an independent and non-executive director. Tengku Arif Bendahara is the son of the Sultan of Pahang, Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah. Sealink announced that access to its vessel, which was damaged by a fire in Brazil last month, remains restricted due to the current site conditions. As a result, the company said that a full on-site assessment of the vessel and the extent of the damage has been delayed. Overnight, the S&P 500 climbed 0.09% to end the session at 6,005.88 points. The Nasdaq gained 0.31% to 19,591.24 points, while the Dow Jones Industrial Average ended essentially unchanged at 42,761.76 points.
BusinessToday
16 hours ago
- Business
- BusinessToday
Stonepeak Partners' Reported Acquisition Of Yinson Could Value The Deal At RM9 Billion
Yinson Holdings Bhd - FSO (FPSO) Helang New York-based infrastructure investment firm Stonepeak Partners is reportedly in exclusive negotiations to acquire Malaysian energy infrastructure company Yinson Holdings Berhad, in a deal that could value the company at up to RM9 billion (US$2.1 billion). The development was first reported by Bloomberg. According to analysis by CIMB Research, this valuation translates to approximately RM3.23 per share, based on Yinson's 2.784 billion existing shares. CIMB Research indicated that if the report proves accurate, these exclusive talks could pave the way for a privatisation offer for the remaining shares of Yinson. Yinson's current market capitalisation stands at around RM6.5 billion. CIMB Research noted that the exclusivity arrangement suggests the deal has entered advanced stages of negotiation. The Lim family, who founded Yinson, currently holds a significant 26.6% stake in the company. The research house also commented that Stonepeak's investment focus appears to align well with Yinson's strategic direction, particularly given Yinson's growing presence in floating production, storage, and offloading (FPSO) and renewable energy sectors. From a valuation perspective, CIMB Research highlighted that the indicative RM9.0 billion take-private valuation, equivalent to RM3.23 per share, implies a substantial 38.0% premium to Yinson's last closing price. Relative to CIMB Research's own target price of RM2.93, the proposed acquisition price would represent a slight premium of 10.2%, suggesting potential additional upside should a formal offer materialize. Related
BusinessToday
18 hours ago
- Business
- BusinessToday
Today's Shares: Yinson Stock Up 0.85%, Hits RM2.36 Amid RM9 Billion Talk
Yinson Holdings Bhd - FSO (FPSO) Helang Yinson Holdings Bhd's shares rose 0.85% to RM2.36 as of 3.39pm today, following reports of a potential RM9 billion acquisition by US-based infrastructure investor Stonepeak Partners. Trading volume surged to 166.3 million shares, with the stock reaching a high of RM2.44 and a low of RM2.33 during the session. Bloomberg reported that Stonepeak is in exclusive negotiations to acquire the Malaysian energy firm, with CIMB Research estimating the potential deal could value Yinson at approximately RM3.23 per share. This represents a 38% premium over the stock's last closing price and a 10.2% upside from CIMB's target price of RM2.93. Yinson's current market capitalisation stands at around RM6.5 billion. The Lim family, founders of the company, holds a 26.6% stake. Related
New Straits Times
a day ago
- Business
- New Straits Times
Yinson: No buyout deal on the table
KUALA LUMPUR: Yinson Holdings Bhd has clarified that it is not in discussions with any third party in respect of a buyout exercise. Executive chairman Lim Han Weng said the company is currently engaged in exploratory talks with various parties on potential corporate proposals related to its shareholding. "However, given that the discussions are still at an exploratory stage, there is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson," it said in a filing to Bursa Malaysia today. The company said it will make the relevant announcement, if and when a corporate exercise materialises, in accordance with the Main Market Listing Requirements. "The company wishes to remind shareholders to exercise caution and seek appropriate advice when dealing in Yinson shares," it noted. Bloomberg, quoting sources, had reported that New York-based Stonepeak Partners is in exclusive negotiations to acquire Yinson, in a potential deal that could value the Malaysian company at up to RM9 billion (US$2.1 billion). If finalised, the transaction would rank among the largest deals in Malaysia this year. Yinson closed 0.43 per cent or one sen lower to RM2.33, giving it a market capitalisation of RM7.18 billion.
The Star
a day ago
- Business
- The Star
Yinson clarifies no buyout amid exploratory talks
KUALA LUMPUR: Yinson Holdings Bhd has clarified that it is not in discussions with any third parties regarding a buyout exercise. However, the group said its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties concerning potential corporate proposals related to their shareholding. 'However, given that the discussions are still at an exploratory stage, there is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson,' the oil and gas services firm said in a filing with Bursa Malaysia. The company will make the relevant announcement if and when a corporate exercise materialises, in accordance with the Main Market Listing Requirements. Bloomberg reported that New York-based Stonepeak Partners is reportedly in exclusive talks to acquire Yinson, with the potential deal valuing the company at up to RM9bil (US$2.1bil), according to sources familiar with the matter. This could be one of the largest deals in Malaysia this year. Yinson closed down one sen, or 0.43%, at RM2.33 with 19.08 million shares traded.
