KUALA LUMPUR, Nov 10 (Bernama) -- Yinson Holdings Bhd has clarified that it has not accepted the proposed privatisation scheme or the terms of the proposal letter involving its major shareholders' plan to privatise the company at RM2.50 per share.
Yinson Clarifies It Has Not Accepted RM2.50 Privatisation Proposal
Yinson, corporate, privatisation, proposal letter
BE Bernama 
Key takeaways
Yinson Holdings Bhd denies accepting the RM2.50 per share privatisation proposal, stating a director’s signature was accidental and not a board decision. The company has until Dec 4 to respond and will announce a board decision later.
- Yinson has not accepted the privatisation scheme or its terms.
- A director mistakenly signed the proposal letter, but it was only an acknowledgement, not acceptance.
- The company must reply by Dec 4 and will announce a board decision later.
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Related reporting
2 stories on this topic from 2 sources, oldest first.
- New Straits Times Yinson says no to privatisation deal, for now
- Bernama Yinson Clarifies It Has Not Accepted RM2.50 Privatisation Proposal (this story)
