"However, there is currently no conclusive indication that such discussions will give rise to a corporate proposal involving Yinson," the company said in a bourse filing.
KUALA LUMPUR (March 25): Yinson Holdings Bhd (KL:YINSON) on Wednesday confirmed that its major shareholder is in talks for a "potential corporate proposal" involving its shareholding, but said no conclusive deal has been reached yet.
The company clarified that while Yinson itself is not in discussion with any third parties in respect of any buyout exercise, it has received confirmation from its major shareholder Yinson Legacy Sdn Bhd that they are in high-level talks with various parties.
"However, there is currently no conclusive indication that such discussions will give rise to a corporate proposal involving Yinson," the company said in a bourse filing.
Responding to news reports that a group of shareholders were nearing an agreement to take the energy infrastructure company private, Yinson further said the relevant announcements will be made if and when it has been notified that any corporate exercise will materialise.
In the meantime, Yinson urged shareholders to exercise caution and seek professional advice when trading in its shares.
Bloomberg reported on Monday, citing people with knowledge of the matter, that a group of shareholders is nearing an agreement to take Yinson private in a deal that could value the company at about RM8 billion.
The Lim family, which established Yinson in the 1980s and is its biggest shareholder, plans to team up with infrastructure-focused investment firm Stonepeak Partners and some local pension funds that are existing shareholders of Yinson on a joint bid, according to the newswire. Talks are reportedly at an advanced stage, with a deal expected to be announced as soon as the next two weeks.
Based on Yinson's 2025 annual report, the Lim family, led by executive chairman Lim Han Weng, owns over 25% of the company, while the Employees Provident Fund (EPF) holds 18% and the Retirement Funds Inc (KWAP) has 7%.
Yinson’s share price climbed six sen over the last two days to close at RM2.35 on Wednesday, bringing the group a market capitalisation of RM6.87 billion.