Yinson is Disposals offshore business to Icon for 160 millions
The Proposed Disposals are for a total sale consideration of RM160 million which shall be satisfied by the issuance of 181,818,181 new ordinary shares in Icon at an issue price of RM0.88 per share (“Issue Price”) (“Consideration Shares”) (“Sale Consideration”) and in accordance with the terms of definitive agreement(s) to be entered into by the parties pursuant to the Proposed Disposals (“Definitive Agreement”).
those subsidiaries are bringing in huge profits, and 1 vessel from 2010 averages around 50m++. it's 160m for 4, and 1 is newly refurbished. almost too good to be true
amazing deal..... yinson major shareholder Lim, buys into Icon at 63c for 50% from ekuinas, and then injects yinson OSV business into Icon for a profit for share consideration, at 88c per share.... while the current share price is 115c, win win win.... for both Lim and Yinson becomes minority shareholder, while Lim being major shareholder..... what an excellent arrangement !!!
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry By Georgina Mccartney Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows. Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71. Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran Published Mon, Oct 7 20247:20 AM EDTUpdated 2 Hours Ago
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Karlos
1,284 posts
Posted by Karlos > 2024-06-19 21:21 | Report Abuse
We are talking about ICON not YINSON.