Credit : Bernama Business's X
KUALA LUMPUR November 10, 2026 — Yinson Holdings Bhd has clarified that it has not accepted a proposed privatisation scheme, or the terms of a proposal letter, under which major shareholders plan to take the company private at RM2.50 a share, Bernama reported.
“The board has noted media reports stating or suggesting that the company has accepted the proposed scheme. The board wishes to clarify that the company has not accepted the proposed scheme or the terms of the proposal letter,” Yinson said in a filing with Bursa Malaysia.
The energy infrastructure group said a director had inadvertently signed the copy of the proposal letter attached to its earlier announcement. That signature, it said, was intended only to acknowledge receipt of the letter on behalf of the company.
Yinson said the signature was not made pursuant to any board decision or resolution and should not be read as acceptance of the proposed scheme or its terms.
“The signed acceptance page has not been returned to the joint offerors and the joint ultimate offerors as required under Section 10 of the proposal letter,” the company said, adding that it has until December 4 to respond to the proposal.
Yinson said it would make a further announcement once the board had reached a decision.
The clarification comes after a formal privatisation proposal was submitted last week. As previously reported, a consortium made up of MISC Bhd, the founding Lim family of Yinson and the Employees Provident Fund (EPF) offered RM2.50 a share to take the remaining 55.2 per cent of Yinson not held by the offerors, or 1.61 billion shares, in a cash deal valued at RM4.03 billion. Yinson’s board, excluding directors deemed interested, had said it would deliberate on the offer.
The consortium has asked the board to decide by December 4 whether to recommend a members’ scheme of arrangement to shareholders. In its latest filing, Yinson made clear that the inadvertent signature on a copy of the proposal letter did not amount to acceptance, and that the signed acceptance page had not been sent back to the offerors as the letter required.
Until the board announces its decision, the proposal remains just that: an offer under consideration, not a completed or accepted deal. Shareholders, employees and the market will have to wait for the further announcement Yinson has promised once the directors have completed their deliberations.
Yinson is listed on the Main Market of Bursa Malaysia. The RM2.50-a-share terms, the December 4 response deadline and the identity of the joint offerors were set out in earlier announcements and filings. Tuesday’s statement deals specifically with whether the company has already accepted that offer.
On that point, the board’s answer, as reported by Bernama, is no. A director’s signature on a copy of the proposal letter was only an acknowledgement of receipt, the company said, was not based on a board decision, and the signed acceptance page has not been returned to the offerors. The directors still have until December 4 to respond, and have promised a further announcement when they decide whether to recommend the scheme to shareholders.
Source : Bernama
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