Yinson sees 10.93% stake traded off market

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KUALA LUMPUR (Oct 17): Oil and gas offshore support service provider Yinson Holdings Bhd saw some 119.71 million shares, representing a 10.93% stake in the company, traded off market today for RM367.5 million.

According to Bloomberg data, Yinson shares were moved in one direct business transaction block at RM3.07 per share, which is 12 sen or 3.76% lower than the RM3.19 closing price of its shares today.  

However, it is not immediately known as to whom the parties involved in the transactions were.

Bloomberg data showed Lim Han Weng, Kencana Capital Sdn Bhd and Employees Provident Fund (EPF) are the three largest shareholders of the company, with 20.89%, 17.58% and 9.74% stake.

Yinson shares closed 1 sen or 0.3% higher at RM3.19 today, with 129,900 shares traded, for a market capitalisation of RM3.47 billion. Year-to-date, the counter has risen 9.62%.