KUALA LUMPUR: YINSON HOLDINGS BHD []'s shares advanced in early trade on Thursday, June 30 after the company and its partner Petrovietnam Technical Services Corporation secured a US$331.15 million (RM1.01 billion) to provide a floating storage and off-loading (FSO).
At 9.05am, Yinson was up seven sen to RM1.95 with 148,700 shares traded.
The total contract value of RM1.01 billion was for 20 years, of which RM626.81 million was for the firm period of 10 years and the remaining RM383.20 million was for options to extend for another 10 years in four different periods.
Yinson will have a 49% stake in JV and PTSC 51%. Yison's cash injection in the JV is expected to be RM55.125 million.
To finance it, part of it would be from a renounceable two-call rights issue of up to 131.85 million rights shares on the basis of three rights shares for every two existing shares held.
At 9.05am, Yinson was up seven sen to RM1.95 with 148,700 shares traded.
The total contract value of RM1.01 billion was for 20 years, of which RM626.81 million was for the firm period of 10 years and the remaining RM383.20 million was for options to extend for another 10 years in four different periods.
Yinson will have a 49% stake in JV and PTSC 51%. Yison's cash injection in the JV is expected to be RM55.125 million.
To finance it, part of it would be from a renounceable two-call rights issue of up to 131.85 million rights shares on the basis of three rights shares for every two existing shares held.
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