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NewsNotable Trade AIA emerge as Yinson’s substantial shareholder
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Notable Trade AIA emerge as Yinson’s substantial shareholder
by Cals Tue 07 Apr 2015, 08:41
Notable Trade
AIA emerge as Yinson’s substantial shareholder
By Fatin Rasyiqah Mustaza / theedgemarkets.com | April 6, 2015 : 7:05 PM MYT
KUALA LUMPUR (Apr 6): Insurer AIA Bhd has emerged as a substantial shareholder in offshore support services company [size=14]Yinson Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a 5.15% interest.
Filings with Bursa Malaysia show that AIA had on Mar 30 acquired 3.4 million shares in Yinson (fundamental: 1.50; valuation: 1.50), bringing its holding in the company to 53.15 million shares.
By virtue of its interests in AIA, Orange Policy Sdn Bhd, AIA Group Limited, Premium Policy Berhad and AIA Company Limited have emerged with indirect stakes in the company.
Yinson’s shares closed two sen or 0.70% higher at RM2.86 today with a market capitalisation of RM2.94 billion.
The stock was earlier traded at an intraday high of RM2.87 in early trade.
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AIA emerge as Yinson’s substantial shareholder
By Fatin Rasyiqah Mustaza / theedgemarkets.com | April 6, 2015 : 7:05 PM MYT
KUALA LUMPUR (Apr 6): Insurer AIA Bhd has emerged as a substantial shareholder in offshore support services company [size=14]Yinson Holdings Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with a 5.15% interest.
Filings with Bursa Malaysia show that AIA had on Mar 30 acquired 3.4 million shares in Yinson (fundamental: 1.50; valuation: 1.50), bringing its holding in the company to 53.15 million shares.
By virtue of its interests in AIA, Orange Policy Sdn Bhd, AIA Group Limited, Premium Policy Berhad and AIA Company Limited have emerged with indirect stakes in the company.
Yinson’s shares closed two sen or 0.70% higher at RM2.86 today with a market capitalisation of RM2.94 billion.
The stock was earlier traded at an intraday high of RM2.87 in early trade.
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