Latest news with #MainMarketListingRequirements
The Star
11-06-2025
- Business
- The Star
Bertam uplifted from PN17 status
PETALING JAYA: Bertam Alliance Bhd has regularised its financial condition and no longer triggers any of the Prescribed Criteria under Paragraph 2.1 of Practice Note 17 (PN17) and Paragraph 8.03A of the Main Market Listing Requirements of Bursa Malaysia. In a filing with Bursa Malaysia, the real estate business firm said Bursa Securities, after taking into consideration the relevant facts and circumstances of the matter, has resolved to approve the company's application for an early upliftment from being classified as an 'Affected Listed Issuer' pursuant to PN17. Bertam said it will be uplifted from being classified as a PN17 company effective from 9am, Thursday, June 12, 2025. Bertam fell into PN17 status in 2018 due to the winding-up order against its wholly-owned unit Bertam Development Sdn Bhd, which accounts for at least 50% of the company's total assets. In May last year, Bertam said its external auditors, PKF, had expressed concerns about the company's ability to continue as a going concern in its audited financial statements for the financial year ended Dec 31, 2022.
BusinessToday
10-06-2025
- Business
- BusinessToday
Yinson Responds To Possible Stonepeak Acquisition
Yinson Holdings Berhad (YHB) has issued a formal clarification following media reports suggesting that the company is the subject of a potential US$2.1 billion buyout by U.S.-based investment firm Stonepeak. In a statement released on 6 June 2025, Yinson denied being in discussions with any third parties regarding a buyout exercise. 'The Company wishes to clarify that it is not in discussion with any third parties in respect of any buyout exercise,' the statement read. However, the company acknowledged that its Group Executive Chairman, Lim Han Weng, is engaged in preliminary discussions with several parties concerning potential corporate proposals involving his shareholding in YHB. These talks, Yinson emphasised, are still in the exploratory phase and may not lead to any definitive corporate action. 'There is currently no conclusive indication that the discussions would give rise to a corporate proposal involving YHB,' the company noted. Yinson assured that it will comply with Bursa Malaysia's Main Market Listing Requirements and make the necessary announcements should any corporate exercise materialise. In the meantime, the company has advised shareholders to exercise caution and seek appropriate professional advice when dealing in YHB shares. The clarification comes in response to widespread media coverage on Stonepeak's exclusive talks to acquire Yinson in a deal potentially valued at over RM9 billion. Related
Malaysian Reserve
09-06-2025
- Business
- Malaysian Reserve
Yinson denies buyout talks, confirms chairman in early-stage shareholding discussions
YINSON Holdings Bhd has denied being in any discussions with third parties regarding a potential buyout of the company. In a filing with Bursa Malaysia today, the oil and gas services provider clarified that it is not involved in any corporate exercise at this time. However, it acknowledged that its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties over potential corporate proposals related to his shareholding in the company. 'Given that the discussions are still at an exploratory stage, there is currently no conclusive indication that these would result in a corporate proposal involving Yinson,' the company stated. Yinson assured that it will make the necessary announcement in accordance with Bursa Malaysia's Main Market Listing Requirements should any corporate exercise materialise. The clarification comes after Bloomberg reported that New York-based Stonepeak Partners is in exclusive talks to acquire Yinson in a deal that could value the group at up to RM9 billion (US$2.1 billion), citing unnamed sources. If confirmed, the transaction could rank among Malaysia's largest deals this year. –BLOOMBERG
New Straits Times
09-06-2025
- Business
- New Straits Times
Yinson: No buyout deal on the table
KUALA LUMPUR: Yinson Holdings Bhd has clarified that it is not in discussions with any third party in respect of a buyout exercise. Executive chairman Lim Han Weng said the company is currently engaged in exploratory talks with various parties on potential corporate proposals related to its shareholding. "However, given that the discussions are still at an exploratory stage, there is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson," it said in a filing to Bursa Malaysia today. The company said it will make the relevant announcement, if and when a corporate exercise materialises, in accordance with the Main Market Listing Requirements. "The company wishes to remind shareholders to exercise caution and seek appropriate advice when dealing in Yinson shares," it noted. Bloomberg, quoting sources, had reported that New York-based Stonepeak Partners is in exclusive negotiations to acquire Yinson, in a potential deal that could value the Malaysian company at up to RM9 billion (US$2.1 billion). If finalised, the transaction would rank among the largest deals in Malaysia this year. Yinson closed 0.43 per cent or one sen lower to RM2.33, giving it a market capitalisation of RM7.18 billion.
The Star
09-06-2025
- Business
- The Star
Yinson clarifies no buyout amid exploratory talks
KUALA LUMPUR: Yinson Holdings Bhd has clarified that it is not in discussions with any third parties regarding a buyout exercise. However, the group said its executive chairman, Lim Han Weng, is currently engaged in 'exploratory discussions' with various parties concerning potential corporate proposals related to their shareholding. 'However, given that the discussions are still at an exploratory stage, there is currently no conclusive indication that the discussions would give rise to a corporate proposal involving Yinson,' the oil and gas services firm said in a filing with Bursa Malaysia. The company will make the relevant announcement if and when a corporate exercise materialises, in accordance with the Main Market Listing Requirements. Bloomberg reported that New York-based Stonepeak Partners is reportedly in exclusive talks to acquire Yinson, with the potential deal valuing the company at up to RM9bil (US$2.1bil), according to sources familiar with the matter. This could be one of the largest deals in Malaysia this year. Yinson closed down one sen, or 0.43%, at RM2.33 with 19.08 million shares traded.
