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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.

Vincent Wee, Hong Kong and South East Asia Correspondent

March 16, 2015

1 Min Read
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“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.

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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