KUALA LUMPUR(June 7): Yinson Holdings Bhd has increased its investment in Regulus Offshore Sdn Bhd, which is involved in the leasing of chartered vehicles and the provision of  ship and crew management services, from 49% to 70%.

Yinson said in a filing on Bursa Malaysia today that it had on June 6, acquired 21,000 Regulus shares, representing a 21% stake in the company, from Mat Sin Bidin for a total cash consideration of RM469,461.

Regulus is currently a 49% associate of Yinson and with the additional 21% stake acquisition, it would now become a 70% subsidiary of Yinson.

Yinson shares were up by 1 sen or 0.3% today to RM3.39, for a market capitalisation of RM3.67 billion.