Yinson’s RM16bil debt too big to ignore

TheStar Sat, May 11, 2024 12:00am - 1 month View Original

In the last five financial years, Yinson’s debt level has ballooned by more than four-fold.

IT is no secret that Yinson Holdings Bhd has been piling on borrowings to fund its projects, but with total debt crossing RM16bil or more than double its market capitalisation, the indebtedness issue has become too glaring for shareholders to ignore.

The fact that the group sits on negative operating cash flow and that nearly 90% of its debt is US dollar-denominated have also added further concern.


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