KUALA LUMPUR: Yinson Holdings Bhd (YHB) has clarified that it is not in discussions with any third parties regarding any buyout exercise as previously reported.
However, it said the company’s major shareholder, Yinson Legacy Sdn Bhd (YLSB), is in discussions with various parties in relation to potential corporate proposal(s) concerning their shareholding in the group.
“There is currently no conclusive indication that such discussions will give rise to a corporate proposal involving YHB,” it said in a filing with Bursa Malaysia on Wednesday.
News reports on Tuesday indicated that a group of shareholders is nearing an agreement to take YHB private, in a deal that could value the energy infrastructure company at approximately RM8 billion. – BERNAMA
