<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 23): Yinson Holdings Bhd’s executive chairman Lim Han Weng has disposed of a 2.76% stake in the floating production and offloading (FSPO) company.</p></div>

<div class=newsTextDataWrapInner><p>Bloomberg data showed that Lim had traded 29.64 million shares in two off-market trades at RM6.28 apiece or a total of&nbsp; RM186.16 million.</p></div>

<div class=newsTextDataWrapInner><p>The RM6.28 price represents a 3.83% discount to the stock's closing price of RM6.53 today.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a bourse filing, the group announced that Lim had disposed of the stake which comes from his own direct shareholding in the FSPO company.</p></div>

<div class=newsTextDataWrapInner><p>After the disposal, Lim maintains a 3.49% direct stake in Yinson, and an indirect stake of 19.15% — which is deemed via vehicles Liannex Corp (S) Pte Ltd and Yinson Legacy Sdn Bhd, bringing the total cumulative stake he controls to 22.63%.</p></div>

<div class=newsTextDataWrapInner><p>The identities of those who bought the stake from Lim are currently unknown.</p></div>

<div class=newsTextDataWrapInner><p>According to the group's annual report for the year ended Jan 31, 2019, other major sharelders of Yinson are Kumpulan Wang Persaraan (KWAP) with a 10.46% stake, and the Employees’ Provident Fund with 12.75%.</p></div>

<div class=newsTextDataWrapInner><p>It is worth noting that the year to date, Yinson’s share price has appreciated by 55.48%. The counter reached an all-time high of RM7.18 on July 12.</p></div>

<div class=newsTextDataWrapInner><p>Yinson has a market capitalisation of RM7.15 billion based on today's closing price.</p></div>


Yinson Holdings Bhd’s executive chairman Lim Han Weng has disposed of a 2.76% stake in the floating production and offloading (FSPO) company.

Bloomberg data showed that Lim had traded 29.64 million shares in two off-market trades at RM6.28 apiece or a total of  RM186.16 million

Yinson chairman Lim Han Weng disposes of 2.76% stake via off-market trades

Singapore will introduce a new law this year that will help so-called gig-economy workers plan for their retirement needs and get work injury protection, Minister for Manpower Tan See Leng said.

Singapore plans law to support gig workers’ retirement needs

Four-cornered fight for Kuala Kubu Baharu state constituency — EC

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

<p>The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.</p>


Who pays for anytime EPF withdrawals?

<p>Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.</p>


Global stocks gain on Big Tech lift; yen slides to 34-year low

<p>The nomination of candidate&nbsp;for the Kuala Kubu Baharu by-election on Saturday morning saw a four-cornered clash between the&nbsp;candidates of&nbsp;Pakatan Harapan (PH), Perikatan Nasional (PN), Parti Rakyat Malaysia (PRM), and an independent.</p>


Kuala Kubu Baharu by-election sees four-cornered fight

<p>The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).</p>


Perak to collaborate with rare earth elements company from South Korea, says MB

<p>Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.</p>


<p>Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).</p>


<p>The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.</p>

<p>The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.</p>


<p>Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.</p>


<p>Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.</p>


<p>Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;</p>


<p>Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.</p>

<p>The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.</p>
