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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.
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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.
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