Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAsiaYinson assures no change in direction with new major stakeholders onboard

Yinson assures no change in direction with new major stakeholders onboard

Yinson assures no change in direction with new major stakeholders onboard
Major Malaysian floating production storage and offloading (FPSO) vessel player Yinson Holdings ceo Lim Chern Yuan has reassured that there will be no change in the direction of the company with Mokhzani Mahathir and close associate, Yeow Kheng Chew, now holding the second largest stake in the oil and gas services provider.

“The company’s direction is jointly decided by the board of directors and management team,” he told local media. Mokhzani and Yeow, together hold a 18.55% stake in the company.

Yinson chairman and founder Lim Han Weng has a 22% stake.

The two, who have been active in various sectors of the oil and gas industry, recently resigned from the board of SapuraKencana Petroleum, citing personal reasons.

TAGS: Offshore
Related
Wartsila-methanol-engine.png
Wärtsilä bags China's largest methanol newbuild engine order
Apr 25, 2024
GSBN container
MSC works with GSBN to boost lithium battery shipments safety
Apr 25, 2024
Stacked containers in port of Los Angeles
Mixed signals on container freight rates as Red Sea alarm subsides
Apr 24, 2024
Hengli newbuild bulker
Hengli bags four bulkers from Ciner Shipping
Apr 24, 2024