Yinson shareholders bag $101m in well-received block

Oil pipeline 230x150
By John Loh
27 Oct 2016

Malaysia’s Yinson Holdings doubled the size of the increase option on its overnight share sale, allowing its shareholders to raise MR420m ($101m) on Wednesday.

Vendors Yeow Kheng Chew, Kencana Capital and Trinity View executed the Reg S-only accelerated bookbuild via CIMB and Maybank, initially offering 109m secondary shares with an increase option of 16m shares.

The 125m shares were worth MR381.25m, based on a price range of MR3.00-MR3.05 each. This was a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial