Kuala Lumpur-listed Yinson Holdings has announced that it has reached an agreement to sell several non-core companies in its business portfolio to Liannex Corporation of Singapore.
Liannex Asia Pacific, a Malaysian subsidiary, will use Liannex Labuan to acquire Yinson Transport, Yinson Shipping, Yinson Port Ventures, Yinson Vietnam, and a 65% equity interest in Yinson Power Marine for MYR 161m ($39.6m).
Yinson stated that the consideration may be adjusted within the next three months, once an audit review of the companies’ actual net assets has been undertaken.
The
