Yinson's Share Price Rises 0.43 Pct On Recent Investment Deal News

KUALA LUMPUR, June 18 (Bernama) --  Energy infrastructure and technology company Yinson Holdings Bhd’s share price saw an increase of 0.43 per cent today, following recent news of its investment deal with a consortium. 

On Tuesday, Yinson noted that its subsidiary Yinson Production had closed the previously announced US$1 billion (US$1=RM4.23) investment deal with a wholly owned subsidiary of the Abu Dhabi Investment Authority, as well as funds managed by British Columbia Investment Management Corporation and RRJ Group.

The investment was made through the issuance of US$1 billion of redeemable convertible preferred shares and warrants by Yinson Production Offshore Holdings Ltd, a newly established United Kingdom-based holding company.

Yinson added that the successful closing of the transaction follows the signing of a definitive agreement on Jan 14, 2025, and fulfilment of the closing conditions, including regulatory approvals and shareholder approval.

As at 10.08 am, the company's share price was one sen better at RM2.34 with 433,900 shares traded. 

-- BERNAMA