Yinson Holdings Bhd has moved to shut down speculation that it accepted the Yinson privatisation offer. In a Bursa Malaysia filing, the company said its board has not approved the proposal, despite media reports pointing to acceptance.
The all-cash proposal, valued at RM4.03 billion, comes from a consortium led by MISC Bhd, Yinson’s founding Lim family through Yinson Legacy Sdn Bhd, and the Employees Provident Fund.
Did Yinson Accept the RM4.03 Billion Privatisation Offer?
No. The board has not accepted the proposed scheme or the terms in the proposal letter, and is still deliberating.
The confusion traces back to the Nov 6 announcement. A copy of the proposal letter attached to it included an acceptance page signed by one of its directors.
Yinson said that signature only acknowledged receipt. “It was not made pursuant to any decision or resolution of the board, and does not constitute, and should not be construed as, acceptance by the company or the board of the proposed scheme or of the terms of the proposal letter.”
The signed page was never returned to the joint offerors and joint ultimate offerors, as the proposal terms require. Yinson has since issued a replacement letter with the acceptance page unsigned, and said the earlier version should be disregarded.
How Much of Yinson Is the Consortium Trying to Buy?
- Stake sought: the remaining 55.2 per cent
- Shares sought: 1.61 billion, not already owned by the excluded founders and pension fund holders
- Deal value: RM4.03 billion, all cash
Dividing RM4.03 billion by 1.61 billion shares gives roughly RM2.50 a share. This is our own arithmetic, not a price stated by Yinson, and it assumes the full value goes to those shares.
Who Decides Next on the Yinson Proposal, and When?
The board, excluding four directors deemed interested, is now considering the proposal. Those four are Lim Han Weng, Lim Chern Yuan, Bah Kim Lian and Fariza Ali @ Taib.
The response deadline is 5pm on Dec 4, unless the joint offerors extend it in writing. Yinson will make a further announcement once the board reaches a decision.
When Could the Yinson Privatisation Be Completed?
The transaction is projected for completion in the second half of 2027. It remains subject to shareholder, court and regulatory approvals.
Yinson is one of Malaysia’s major energy infrastructure players and a significant operator in the floating production, storage and offloading (FPSO) sector. Investor attention on its corporate direction and ownership structure has heightened.
Key Takeaways
- Yinson’s board has not accepted the RM4.03 billion proposal.
- The acceptance page in the Nov 6 announcement was signed only to acknowledge receipt, and was not returned.
- The consortium seeks 1.61 billion shares, the remaining 55.2 per cent.
- The board must respond by 5pm on Dec 4, unless extended in writing.
- Completion is projected for the second half of 2027, subject to approvals.
📊 On AI Stock Terminal: YINSON quarterly results · YINSON announcements
Disclaimer: This article is for information only and is not investment advice. Read the Bursa Malaysia announcements yourself and do your own research before making any decision on Yinson shares.
Frequently Asked Questions
Has Yinson accepted the RM4.03 billion privatisation offer?
No. Yinson said its board has not accepted the proposed scheme or the terms in the proposal letter, and is still deliberating. The company said a signed acceptance page in its Nov 6 announcement was included by mistake.
What is the deadline for Yinson’s board to respond to the privatisation proposal?
The board must respond by 5pm on Dec 4, unless the joint offerors extend the deadline in writing. Yinson will issue a further announcement once the board reaches its decision.
Who is behind the Yinson privatisation offer?
The consortium is led by MISC Bhd, with Yinson’s founding Lim family via Yinson Legacy Sdn Bhd and the Employees Provident Fund. The all-cash proposal is valued at RM4.03 billion.
When is the Yinson privatisation expected to be completed?
The transaction is projected for completion in the second half of 2027. It is subject to shareholder, court and regulatory approvals.
Source: View Original Article — The content is based on the original publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Articles & Resources
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
Want to invest in Bursa Malaysia or US markets? Contact Dexter Chia, an AI Driven Remisier who has 2,300+ clients at Malacca Securities Sdn Bhd (M+ Global). M+ Global Invitation Code: UBZQ | WhatsApp: +60169059789 | Why Choose Dexter?
