LATEST NEWS   11-year-old boy dies from head injuries believed to have been caused by homemade ‘Ginsok’ firearm in Sook on Saturday - Keningau police chief | Police seize 42 air rifles, 456 boxes of pellets and arrest 50-year-old man in Sook raid - Keningau police chief | Haze: Johor to hold solat hajat (special prayers) at all mosques and surau from today until conditions improve - Exco | Haze: Schools under PPD of Hulu Langat, Petaling Perdana, Kuala Langat, Sepang, Kuantan and Rompin also to close tomorrow - Fadhlina | Haze: Schools in Johor, Melaka, Negeri Sembilan and Putrajaya to close tomorrow - Fadhlina | 

Yinson Holdings Shares Down 2.25 Pct At Midday

KUALA LUMPUR, Aug 28 (Bernama) -- Yinson Holdings Bhd’s share price fell 2.25 per cent at midday today, following a report that its founder, the Lim family, as well as the Employees Provident Fund (EPF) and MISC Bhd are teaming up for a potential takeover of the oil and gas company.

At 12.18 pm, the group’s share price slipped five sen to RM2.17, with 7.92 million shares changing hands.

According to reports, the three parties are forming a consortium to take Yinson private in a deal that could put the value of the company at around US$1.7 billion (RM6.86 billion).

Ad Banner

The consortium is reportedly preparing to submit an indicative offer of around RM2.35 per share.

-- BERNAMA

Ad Banner
Ad Banner
Ad Banner