Judul : Yinson ups stake in Regulus Offshore to 70%
link : Yinson ups stake in Regulus Offshore to 70%
Yinson ups stake in Regulus Offshore to 70%
KUALA LUMPUR: Yinson Holdings Bhd has upped its stake in Regulus Offshore Sdn Bhd, which is involved in the leasing of chartered vehicles and the provision of ship and crew management services, from 49% to 70%.
In a filing with Bursa Malaysia yesterday, Yinson said it on Tuesday acquired 21,000 Regulus shares, representing a 21% stake in the company, from Mat Sin Bidin for RM469,461 cash.
Regulus was a 49% associated company of Yinson, and with the additional 21% stake acquisition, it is now a 70%-owned subsidiary of Yinson.
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