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Ongoing uncertainties from the Middle East tensions are expected to bolster oil prices, and investors should continue to buy into the oil and gas (O&G) sector, analysts said.
PETALING JAYA: Fresh from divesting a majority stake in oil and gas (O&G) company Icon Offshore Bhd, government-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) is eyeing to invest in some key companies in the pharma manufacturing and industrial machinery sectors in the current quarter.
A barrage of questions has arisen after the Lim family, led by patriarch Lim Han Weng — who controls oil and gas floating production storage and offloading player Yinson Bhd — acquired a controlling 50.2% stake in Icon Offshore Bhd, an offshore support vessel (OSV) provider for the O&G sector...
Earlier in the week, Icon Offshore Bhd grabbed headlines when the story broke that its major shareholder, the government’s private equity (PE) fund Ekuiti Nasional Bhd (Ekuinas) is divesting most of its stake in the local offshore service vessels (OSV) provider.
Shares in Icon Offshore Bhd surged to a near four-year high in early morning trade on Wednesday after a major shareholder of Yinson Holdings Bhd acquired a controlling stake in the offshore support vessel provider and triggered a mandatory takeover offer.
KUALA LUMPUR: Icon Offshore Bhd's share price jumped as high as 17 per cent after it announced a new majority shareholder in the form of Yinson Holdings Bhd chairman Lim Han Weng, and the launch of a mandatory general offer (...
KUALA LUMPUR: Icon Offshore Bhd's share price jumped as high as 17 per cent after it announced a new major shareholder in the form of Yinson Holdings Bhd chairman Lim Han Weng, and the launch of a mandatory general offer (...
KUALA LUMPUR: Companies making headlines recently include Marine & General, Yinson, United Malacca, Kim Loong, Scientex, Glomac, SSF Home, MCE and Keyfield, said Apex Securities Research.
KUALA LUMPUR (March 26): Here is brief recap of some business news and corporate announcements that made headlines on Tuesday:
Yinson Holdings Bhd’s major shareholder has triggered an unconditional mandatory takeover offer to acquire the remaining shares it does not own...
Liannex Maritime Sdn Bhd, which is controlled by the chairman of Yinson Holdings Bhd, has launched a mandatory takeover of Icon Offshore Bhd, triggered by its acquisition of a 50.2% stake in the offshore support vessel (OSV) provider, yesterday.
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas), via its special purpose vehicle, has divested a 50.2 per cent equity stake in ICON Offshore Bhd to Liannex Maritime Sdn Bhd for RM172.7 million.
KUALA LUMPUR: Ekuiti Nasional Berhad (Ekuinas) menjual pegangan ekuiti 50.2 peratus dalam penyedia perkhidmatan minyak dan gas, ICON Offshore Bhd (ICON), yang dipegangnya melalui syarikat tujuan khas (SPV).Bahagian ekuitinya itu dijual kepada Liannex Maritime Sdn Bhd (Liannex), iaitu sebuah SPV ...