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Sundaily (Asia) 07/09/2020 04:03
KUALA LUMPUR : Yinson Holdings Bhd’s indirect wholly-owned subsidiary, Yinson Acacia Ltd (YAL) is disposing a minority equity interest in Yinson Boronia Consortium Pte Ltd (YBC) to Japan’s Kawasaki Kisen Kaisha, Ltd (K Line) for US$49 million (RM208.74 million) in cash. In a filing to Bursa Malaysia today, Yinson said YAL has executed a share sale and purchase agreement (SSPA) with K Line for the proposed disposal. It said the number of sale shares will be determined prior to the completion date, taking into consideration the financing arrangement of Project Marlim and based on valuation principles set out in the SSPA. “For illustration purposes only, and based upon assumptions of the final financing arrangement, the indicative number of sa.
Splash 247 07/09/2020 03:53
Zhejiang Satellite Petrochemical is currently in talks with South Korean yards for the construction of more VLECs in order to meet its ethane transportation demand from its new plant in Lianyungang. Satellite Petrochemical currently has six 98,000 cu m VLECs under construction at Hyundai Heavy and Samsung Heavy. The company took over the ownership of the …


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