KUALA LUMPUR: Yinson Holdings Bhd has raised RM283.2mil in proceeds following the completion of an accelerated book-building exercise, which will go towards expanding Yinson’s renewables and green technology businesses.
In the exercise, 120 million new shares or 4.1% of its total issued shares were placed out to selected institutional investors at an issue price of RM2.36 a share.
Yinson said in a March 20, 2024, filing that the issue price of the placement shares represented a discount of approximately 4.9% to the five-day volume weighted average market price of the shares up to and including March 19 (being the last market day immediately before the price fixing date) of RM2.4809.
In a statement, Yinson Group CEO Lim Chern Yuan highlighted strong prospects for the group’s renewables and green technologies businesses given the critical need to…
