The Employees Provident Fund (EPF) and MISC Bhd have launched a RM4.03 billion cash buyout proposal to take oil vessel builder Yinson Holdings Bhd private, though the company’s board has explicitly clarified that it has not yet accepted the offer.
Key takeaways
A consortium of MISC Bhd, the Lim family, and EPF has offered RM2.50 per share to privatise Yinson Holdings, valuing the remaining 55.2% stake at RM4.03 billion, a 10.13% premium over the pre‑announcement price.
- The offer price is RM2.50 cash per share, 10.13% above the pre‑announcement price of RM2.27.
- The total cash consideration for the 55.2% stake is RM4.03 billion.
- The premium is also 16.28% over the August trading baseline VWAP, as required by Malaysian takeover rules.
Summarised automatically by AI from the original article by The Rakyat Post. AI can make mistakes, so check the original for details.
A corporate consortium comprising MISC Bhd, the founding Lim family, and the Employees Provident Fund (EPF) has submitted a formal scheme of arrangement proposal to privatise floating energy infrastructure builder Yinson Holdings Bhd at an offer price of RM2.50 cash per share.
The proposed transaction seeks to acquire the remaining 55.2 per cent equity stake in the company for a total cash consideration of RM4.03 billion.
Market data confirms the proposed price represents a 10.13 per cent premium over the stock’s pre-announcement price of RM2.27 and a 16.28 per cent premium over the August trading baseline.
The August trading baseline is not an arbitrary chronological delay; it is a strict legal requirement under the Rules on Take-overs, Mergers and Compulsory Acquisitions.
