Yinson divests offshore marine business to Icon Offshore

Quick Summary:

KUALA LUMPUR: Yinson Holdings Bhd is divesting its offshore marine business, Regulus Offshore, to Icon Offshore Bhd as part of its strategic focus on its floating production storage and offloading (FPSO) and energy transition businesses.

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It said the disposal is subject to the approval of Icon’s shareholders in a forthcoming shareholders’ meeting and relevant government authorities.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Yinson /Business/Business News Corporate News Icon Offshore Regulus Offshore

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-30 @ 19:35:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22307609

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 days ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #22

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