KUALA LUMPUR : Yinson Holdings Bhd has refuted claims that it is engaged in any buyout discussions with a third party, following media reports on 6 June suggesting a potential acquisition by US-based investment firm Stonepeak valued at US$2.1 billion.
In a filing with Bursa Malaysia, Yinson clarified that it is currently involved only in preliminary discussions concerning potential corporate proposals. These discussions, according to the group executive chairman Lim Han Weng, are exploratory in nature and involve various parties, including considerations regarding major shareholder interests.
The company emphasised that there is no definitive indication at this point that these discussions will lead to any concrete corporate proposals involving Yinson.
Yinson also assured that it would make the necessary announcements should any corporate developments materialise, in accordance with Bursa Malaysia’s Main Market listing requirements. The company further advised its shareholders to remain cautious and to seek professional guidance when trading in its securities.
-Bernama
