MISC leads RM4bil joint bid with EPF, Yinson Legacy to privatise Yinson
KUALA LUMPUR: MISC Bhd, together with Yinson Legacy Sdn Bhd and the Employees Provident Fund Board (EPF) had launched a privatisation bid for Yinson Holdings Bhd through a members' scheme of arrangement valued at approximately RM4.03 billion.
In a joint privatisation bid, MISC Bhd, Yinson Legacy Sdn Bhd, and the Employees Provident Fund Board (EPF) have proposed to acquire Yinson Holdings Bhd for approximately RM4.03 billion. The offer price is RM2.50 per share in cash. This consortium, which also includes Yinson's group executive chairman and other related parties, aims to acquire all remaining ordinary shares in Yinson.
As of the latest practicable date, the excluded shareholders hold a combined direct stake of 44.80% in Yinson. Post-acquisition, MISC and Yinson Legacy will each hold an effective 41.5% equity interest in MYOHSB, while EPF will retain 17.1%. The capital commitment for MISC's portion is estimated at RM3.03 billion, financed through a mix of bank borrowings and internal cash.
The offer price is a 10.13% premium over Yinson's closing price on Nov 5 and a 16.28% premium over its five-day, one-month, three-month, and six-month VWAP leading up to the proposal. The transaction is expected to be finalized in the second half of 2027.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
