9 hours ago
- Business
- Free Malaysia Today
Yinson denies holding buyout talks with 3rd party
Yinson Holdings Bhd was founded by Lim Han Weng, who is also the company's executive chairman. (Facebook pic)
KUALA LUMPUR : Yinson Holdings Bhd has denied being in discussions with any third party for a buyout exercise.
The company was responding to reports on June 6 of a potential US$2.1 billion acquisition by Stonepeak, a US-based investment firm.
However, Yinson said it is currently engaging in 'exploratory discussions regarding possible corporate proposals'.
'After consultation with its major shareholders, the company was advised by group executive chairman Lim Han Weng that they are in exploratory discussions with various parties regarding potential corporate proposals concerning their shareholding in Yinson.
'There is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson,' the company said in a filing with Bursa Malaysia today.
Yinson also said it would make an appropriate announcement should any corporate exercise materialise, in line with Bursa's Main Market listing requirements.
'The company wishes to remind shareholders to exercise caution and seek appropriate advice when dealing in Yinson's shares.'
