【YINSON 7293 交流专区】云升控股

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受油价波动影响微　云升西非合约仍乐观

二零一五年三月十三日 晚上八时四十六分
（新加坡13日讯）云升控股有限公司（YINSON，7293，贸易服务组）称，其于西非加纳的浮式生产储油卸油船（FPSO）包租合约依然可行。

执行董事兼集团首席执行员林镇严透露，集团业务并不会面对油价的风险，反之风险将落在其伙伴埃尼加纳开发与生产公司身上。

他说：“只要我们的伙伴拥有强劲的资产负债表，及可继续顺利操作，我们就不会有风险。低油价可能意味着较少的计划，但这将不会冲击我们的现有订单或进行中计划的盈利。”

这份也是云升控股在西非第一份的合约，包租期长达15年，并有5年的延长选择权。该公司的包租期相等于价值25亿4000万美元（93亿5000万令吉），若延长选择权获得执行则将增加到32亿6000万美元。

“我认为我们的伙伴非常可靠，它是一家享誉盛名的公司，本身也是一个石油领域的巨擘。油价可能偏低，但计划的大部分是天然气计划。埃尼加纳已与当地政府签署天然气销售协议，为期超过18年，因此这项计划的大部分是会涉及天然气。”

林镇严表示：“除了加纳外，西非本身也面对许多电力短缺，这项计划最终将服务发电厂，以提供适当的电力予该国。石油将属于整项计划的红利。”

云升控股的订单现企于50亿美元，将维持集团未来20年的忙碌。其加纳计划将从截至2018年1月31日止财政年度起，开始为集团收益带来正面的贡献。

云升控股已与5家银行，包括联昌投资银行、马银金英证券、华侨银行、标准渣打银行和大华银行签署了一份价值7亿8000万美元限期贷款便利，以局部融转换和翻新迎合上述加纳计划的FPSO船只。

云升控股首席策略员丹尼吴（译音）透露，这项FPSO船的转换与翻新成本约为9亿5000万美元。

询及该集团将如何融资其余成本时，他说，云升控股拥有充足的内部基金融资这项计划。

其FPSO船将在新加坡组合，耗2年半时间建造。该船现于中国进行修复工程。

在限期贷款便利对集团负债率的影响方面，他表示：“它将不会即时影响负债。它将在未来3年逐步发放。那时候将可看到集团的内部负债低于2倍。”

目前，云升控股的负债约为0.3倍。

他补充，集团正探讨一些对冲策略，以确保云升控股不会受到利率攀升和外汇兑换的重大冲击。

“现阶段集团拥有非常积极的策略，以达到50%至80%对冲的组合。在任何时候，我们将从利率成本的增长中获得缓和。”【光华日报财经】

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Notice of Interest Sub. S-hldr (29A)

YINSON HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	EMPLOYEES PROVIDENT FUND BOARD
Address	Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur
NRIC/Passport No/Company No.	EPF ACT, 1991
Nationality/Country of incorporation	Incorporated in Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident Fund Board Level 42, Menara Citibank 165, Jalan Ampang 50450 Kuala Lumpur (Acquired of 1,289,200 shares on 9 March 2015. Currently held 40,280,300 shares) Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident FD BD (AFFIN-HWG) (There is no change in shareholding. Currently held 6,359,200 shares) Citigroup Nominees (Tempatan) Sdn. Bhd. Employees Provident FD BD (NOMURA) (Acquired 296,100 shares on 9 March 2015. Currently held 6,100,000 shares)

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	09/03/2015
No of securities	1,585,300
Circumstances by reason of which Securities Holder has interest	Acquired
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	52,739,500
Direct (%)	5.106
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	10/03/2015

icy97

莫扎尼姚庆秋入股 云升管理方针不变

财经新闻 财经  2015-03-17 11:14
（吉隆坡16日讯）云升控股（YINSON，7293，主板贸服股）表示，公司方向不会因为丹斯里莫扎尼马哈迪和姚庆秋（译音）持有第二大股权，而有所改变。

云升控股总执行长林镇严表示，公司的方向是由董事部和管理层共同决定。

他是针对莫扎尼和姚庆秋持有公司18.55%股权，会否改变公司方向时，作出回应。

云升控股主席兼创办人林汉荣，则持有22%股权。

近期，莫扎尼和姚庆秋宣布辞去沙肯石油（SKPETRO，5218，主板贸服股）的董事职位，之后的动向令人关注。

林镇严是林汉荣的儿子，前者表示，父亲在公司扮演着重要的角色，但整体来说，还是取决于团队的决定。

“不过，我们很荣幸拥有他们作为新股东，因为他们有良好的记录，而且信誉佳，对领域有深入的了解。”

他是在公司与5家银行签署总值7亿8000万美元（约28亿8600万令吉）的贷款合约时，对记者发表谈话。【南洋网财经】

icy97

運輸貿易表現平平‧雲升末季賺9973萬

2015-03-28 11:21      
（吉隆坡27日訊）丹斯里莫扎尼馬哈迪持有顯著股權的雲升控股（YINSON,7293,主板貿服組），截至2015年1月31日止第四季淨利微起1.16%，至9千973萬3千令吉，因運輸與貿易業務表現平平。

全年淨利升77.1%

全年淨利上升77.1%至2億4千750萬5千令吉，歸功於脫售資產、合約總值調整等。

第四季營業額報2億5千362萬2千令吉，上升1.68%，全年營業額上升15.03%至10億零8千342萬4千令吉。

雲升在文告中指出，海事業務營業額成長至2億4千204萬5千令吉，主要是新收購的子公司雲升生產做出貢獻，期間雲升生產的淨利為8千472萬5千令吉。

運輸與貿易業務則面對需求放緩導致萎縮，運輸業務營業額下跌11.3%或1千195萬3千令吉，貿易業務營業額下跌16.7%或1億1千855萬3千令吉。

庫房、產業投資及租金收入方面，則從9千139萬令吉增至1億1千464萬1千令吉，該筆收入包括脫售子公司及馬幣走弱而獲得的溢價。

聯營業務方面則從3千568萬6千令吉增長至9千138萬6千令吉，其中3千722萬6千令吉是來自聯營的浮式生產儲油船艦（FPSO）的淨利。

展望未來，管理層表示，儘管2015年面對包括國際油價疲弱及經濟走勢不明朗等挑戰，但仍有信心可以交出滿意的業績。

交易所數據顯示，莫扎尼擁有雲升控股的18.55%或9千579萬8千500股。（ 星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31/01/2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/01/2015	31/01/2014	31/01/2015	31/01/2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	253,622	249,435	1,083,424	941,861
2	Profit/(loss) before tax	108,688	104,047	278,897	152,072
3	Profit/(loss) for the period	100,915	99,695	251,104	143,114
4	Profit/(loss) attributable to ordinary equity holders of the parent	99,733	98,589	247,505	139,751
5	Basic earnings/(loss) per share (Subunit)	10.49	14.33	26.04	20.31
6	Proposed/Declared dividend per share (Subunit)	1.50	0.00	1.50	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4040		2.3570

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Type	Announcement
Subject	OTHERS
Description	YINSON HOLDINGS BERHAD ("YHB" OR "THE COMPANY") - PROPOSED FINAL DIVIDEND OF 1.5 SEN PER ORDINARY SHARE OF RM0.50 EACH IN RESPECT OF THE FINANCIAL YEAR ENDED 31 JANUARY 2015.
The Board of Directors of YHB is pleased to announce that a final dividend of 1.5 sen per ordinary share of RM0.50 each in respect of the financial year ended 31 January 2015 will be recommended to the shareholders for approval at the forthcoming Annual General Meeting of YHB. The entitlement date and date of payment in respect of the aforesaid final dividend will be determined and announced in due course. This announcement is dated 27 March 2015.

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資本受限‧難獲大合約‧雲升料售非油氣資產

2015-03-30 16:25      
（吉隆坡30日訊）雲升控股（YINSON,7293,主板貿服組）2015財政年業績符合預期，鑒於資本開銷受限及負債率走高，分析員料該公司今年無法再獲取大型合約，同時可能脫售非油氣資產。

海洋業務的浮式生產儲油船艦（FPSO）貢獻，雲升控股2015財政年核心盈利按年成長115%至1億4千300萬令吉。

馬銀行研究維持財測不變，主要是看好雲升控股營業額具彈性，為成長型股票。

“當OCTP工程FPSO的15+5年租約於2017年9月展開運作，將顯著推高2018財政年盈利，估計該工程每年將貢獻1億1千萬至1億7千萬令吉淨利。”

馬銀行研究指出，雲升控股已趁FPSO新工程放緩之余準備競標2015之後的新工程，地點專注於亞洲及非洲市場。

“不排除雲升控股將在近期潛在脫售非油氣業務，價值約2億3千300萬令吉（每股23仙）。”

大馬研究表示，OCTP工程FPSO暫無法在2年半轉換期帶來貢獻，僅在2017年投產後，每年貢獻約1億5千萬令吉，以75:25債務;股本融資比預測，該工程料在未來2至3年增加雲升控股淨負債率，從0.32倍增至2倍以上。

“非伴生气（non-associated gas）潛在合約可能進一步推高雲升控股，預計該工程需要投入1億5千萬至2億5千萬美元資本開銷（約5億5千萬至9億2千萬令吉），雖然看好可獲取該合約，不過僅在3年後可顯著貢獻盈利。”

肯納格研究直言，為避免資本開銷造成資產負債表過度緊繃，今年雲升控股料無法再獲取另一項大型FPSO合約，僅在2016年有望獲取新合約，包括加納的非伴生气及中型FPSO合約。

雲升控股子公司ENI已和加納政府簽署協議，計劃在Gye Nyame油田附近生產非伴生气，不過潛在合約詳情還有待與ENI進一步洽談。

“估計該工程需要同樣的離岸生產單位輸送氣體至加納的發電廠，為雲升控股另一個正面催化因素，不過合約僅可能在2016年頒發。”



（星洲日報／財經‧報道：郭曉芳）

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Notice of Interest Sub. S-hldr (29A)

YINSON HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	AIA Bhd.
Address	Level 29, Menara AIA 99 Jalan Ampang 50450 Kuala Lumpur
NRIC/Passport No/Company No.	790895-D
Nationality/Country of incorporation	Incorporated in Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Name & address of registered holder	AIA Bhd. Level 29, Menara AIA 99 Jalan Ampang 50450 Kuala Lumpur (Acquisition of 3,400,000 shares on 30 March 2015. Currently held 53,054,500 shares) AIA Pension and Asset Management Sdn. Bhd. ("APAM") Level 29, Menara AIA 99 Jalan Ampang 50450 Kuala Lumpur (There is no change in shareholding. Currently held 104,800 shares)

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	30/03/2015
No of securities	3,400,000
Circumstances by reason of which Securities Holder has interest	- Acquisition of shares - AIA Bhd. is deemed interested in the shares held by APAM pursuant to Section 6A of the Companies Act, 1965.
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)	53,159,300
Direct (%)	5.15
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	30/03/2015

icy97

雲昇控股斥727萬 採用IFS應用程序

財經企業8 Apr 2015 21:10
（吉隆坡8日訊）雲昇控股（YINSON，7293，主要板貿服）決定採用全球中大型油氣公司商業軟件領先供應商IFS的應用程序，支援前者在岸及岸外的業務。

這項包括許可權及服務的合約總值200萬美元（約727萬令吉）。

雲昇控股是油氣上游領域的離岸支援服務的領先供應商。IFS應用程序將用在該公司的浮式生產儲油卸油裝置（FPSO）及設在挪威奧斯陸的雲升生產。

首階段會運用在項目管理、財務和文件管理及採購。次階段則用于油船的保修、物流和數據複製。

全球超過400個項目及以資產為主的公司都採用IFS方案。IFS客戶包括馬士基石油鑽探（Maersk Drilling）、Hertel集團、Babcock Marine、 Technip和Trans-Northern Pipelines Inc。

IFS東南亞副總裁斯里哈然阿魯姆甘說：“雲昇控股成為我們的客戶是IFS引領油氣領域的證明。這是我們向海洋油氣資產公司提供全面工業解決方案的成功紀錄。”【中国报财经】

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FPSO進度好‧雲升業績正面

2015-04-29 11:34      
（吉隆坡28日訊）雲升控股（YINSON，7293，主板貿服組）旗下非洲加納浮式生產儲油船（FPSO）業務正式取得所需融資，未來2年將忙碌於FPSO業務，分析員認為FPSO業務進度良好，料對長期業績做出正面影響。

肯納格研究表示，該公司近日獲得7億8千萬美元的債務融資，該筆款項將用於加納下游油氣業務，雲升控股早前獲意大利ENI公司頒發25億美元的FPSO合約。

不過，由於執行FPSO合約牽涉龐大資本開銷，肯納格預計該公司仍須在2016年下半年，透過私下配售募集所需資金，借貸及發股比例預計為30%及70%。

分析員維持該公司“超越大市”評級，目標價為3令吉81仙。

股價：2令吉86仙
總股本：10億3千279萬8千股
市值：29億5千377萬令吉
30天日均成交量：130萬股
最新季度營業額：2億5千521萬8千令吉
最新季度盈虧：淨利8千679萬2千令吉
每股淨資產：1令吉24.6仙
本益比：10.98倍
周息率：0.52%
大股東：林漢榮（35.49%）（星洲日報／財經）

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盈利現金流強勁‧雲升估值勝同儕

2015-05-18 16:36      
（吉隆坡18日訊）雲升控股（YINSON，7293，主板貿服組）盈利可望在2019財政年倍增，雖然淨負債率亦將因訂單融資而飛揚至超過2倍，惟大馬研究認為強勁盈利和現金流足以抵銷高債務壓力，並認為值得賦予該股高於同儕的估值。

目標價大幅調高

有鑑於此，大馬研究根據綜合估值法（SOP）大幅調高雲升控股目標價至3令吉60仙（原為2令吉85仙），保持“買進”評級，相等於2016財政年25倍本益比，大幅高於領域的平均17倍估值，並相信就雲升控股的成長潛力而言，25倍估值仍屬合理。

大馬研究與雲升控股管理層會晤後發報告指出，雲升控股早前攫獲的加納浮式生產儲油船（FPSO）訂單，料在2017年9月投入運作，並預計有關訂單可為淨利作出明顯貢獻，全年化淨利貢獻額料達1億5千萬令吉。

“以此推算，雲升控股盈利將於2019財政年倍增。”

該行認為，加納FPSO訂單的執行和合作方風險較低，因提供合約的Eni spA公司，是全球最大的綜合能源公司之一，市值達610億歐元，負債比則只有約0.3倍，且合約條款亦讓雲升控股的權益受到保障，不受油價波動的影響。

按75：25融資比例計算，大馬研究估計雲升負債率將因為執行上述訂單而在未來2至3年內，從目前的0.32倍猛漲至超過2倍，惟FPSO帶來的強勁盈利和現金流將抵銷債務壓力。

該公司也計劃在今年內脫售估值約2億7千300萬令吉的非油氣業務，以進一步降低負債比。

FPSO市場展望目前雖顯得疲弱，因需求有放緩跡象，但二手FPSO供應卻同時增加，這主要是油價下滑讓投資活動暫停的緣故；無論如何，雲升控股仍有信心在短期內贏得新訂單，因其主要競爭對手正忙碌於執行現有工作。

另外，大馬研究補充肯油資本（Kencana Capital）入股並成為第二大股東，料有助支持雲升控股的投資情緒，因肯油資本具備傲人紀錄，成功把沙肯石油（SKPETRO，5218，主板貿服組）打造成果內最大的油氣服務業者之一。（星洲日報／財經‧報道：李三宇）

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF WHOLLY-OWNED SUBSIDIARY - YINSON HEATHER LTD
Pursuant to Listing Requirement of Paragraph 9.19 (23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Yinson Holdings Berhad (“YINSON”) wishes to announce that Yinson Acacia Ltd, a wholly-owned subsidiary of YINSON had incorporated a wholly-owned subsidiary, namely Yinson Heather Ltd (“YHL”), a company incorporated in the Republic of the Marshall Islands on 21 May 2015. YHL was registered on 21 May 2015 under Marshall Island Business Corporations Act with an authorised share capital of 500 shares without par value. The initial issued and paid-up share capital is USD1.00 comprising of 1 share. The principal activity of YHL is investment holding. The incorporation of YHL is not expected to have any material effect on the earning and net assets of YINSON Group for the financial year ending 31 January 2016. This announcement is dated 21 May 2015.

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Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF WHOLLY-OWNED SUBSIDIARY - YINSON DYNAMIC LTD
Pursuant to Listing Requirement of Paragraph 9.19 (23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Yinson Holdings Berhad (“YINSON”) wishes to announce that Yinson Nereus Ltd, a wholly-owned subsidiary of YINSON had incorporated a wholly-owned subsidiary, Yinson Dynamic Ltd (“YDL”), a company incorporated in the Republic of the Marshall Islands on 5 June 2015. YDL was registered on 5 June 2015 under Marshall Island Business Corporations Act with an authorised share capital of 500 shares without par value. The initial issued and paid-up share capital is USD1.00 comprising of 1 share. The principal activity of YDL is investment holding. The incorporation of YDL is not expected to have any material effect on the earning and net assets of YINSON Group for the financial year ending 31 January 2016. This announcement is dated 5 June 2015.

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YINSON HOLDINGS BERHAD

EX-date	14 Aug 2015
Entitlement date	18 Aug 2015
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Final Single Tier Dividend of 1.5 sen per ordinary shares of RM0.50 each
Period of interest payment	to
Financial Year End	31 Jan 2015
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SECURITIES SERVICES (HOLDINGS) SDN. BHD.Level 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTel No: (603) 2084 9000 Fax No: (603) 2094 9940
Payment date	15 Sep 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Aug 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0150
Par Value	Malaysian Ringgit (MYR) 0.500

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云升私配筹2亿

财经新闻 财经  2015-06-26 11:24
（吉隆坡25日讯）云升控股（YINSON，7293，主板贸服股）建议，通过私下配售发出最多1亿327万9844股新股，预计可筹得约2亿9950万令吉。

根据文告，该批股票将配售给第三方投资者，惟身分待定。

假设发售价为每股2.90令吉，这项配售活动料能为公司筹集最多2亿9950万令吉。

其中，2亿8951万2000令吉将用来偿还银行贷款。

截至1月31日，云升控股的贷款企于8亿2320万令吉。

假设该公司还清2亿8950万令吉的贷款，每年将可省下1870万令吉的利息。

如无意外，这项活动预计可在取得马交所批准后6个月内完成。【南洋网财经】

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	YINSON HOLDINGS BERHAD ("YHB" OR "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF YHB
This announcement is dated 25 June 2015. On behalf of the Board of Directors of the Company (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) is pleased to announce that the Company proposes to undertake a proposed private placement of new ordinary shares of RM0.50 each in the Company (“YHB Shares” or “Shares”) (“Placement Shares”) of up to 103,279,844 Placement Shares, representing up to ten percent (10%) of the issued and paid-up share capital of YHB (“Proposed Private Placement”). Please refer to the attachment below for further information.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4783929

Attachments YHB_Proposed Private Placement.pdf

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Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	YINSON HOLDINGS BERHAD ("YHB" OR "COMPANY")PROPOSED PRIVATE PLACEMENT OF UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF YHB
Reference is made to the Company’s announcements dated 25 June 2015 and 26 June 2015 in relation to the Proposed Private Placement (“Announcements”). Unless otherwise defined, all abbreviations used are the same as those previously defined in the Announcements. On behalf of the Board of Directors of YHB, AmInvestment Bank Berhad wishes to announce that the Company has fixed the issue price at RM2.83 for the Proposed Private Placement.  For information purposes, the said issue price represents a discount of approximately 8.64% over the five (5)-day volume weighted average market price of the YHB Shares up to 25 June 2015 of RM3.0978 (Source: Bloomberg). The issue size will be announced once finalised. YHB has appointed AmInvestment Bank Berhad and CIMB Investment Bank Berhad as the Joint Placement Agents. This announcement is dated 26 June 2015.

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大股東2.3億購資產 雲昇退出運輸業

財經股市29 Jun 2015 23:00
（吉隆坡29日訊）雲昇控股（YINSON，7293，主要板貿服）獲大股東以2億2800萬令吉獻購非油氣資產，計劃完成后退出運輸業，成為純浮式生產儲卸油船（FPSO）業者。

該公司向馬證交所報備指出，獲大股東掌控的Liannex Labuan有限公司出價2.28億令吉，獻購旗下非油氣資產，其中包括5家公司及Yinson Power Marine私人有限公司65%股權。

Liannex Labuan由雲昇控股董事經理林漢榮及執行董事馬金蓮掌控，同時亦是雲昇控股大股東。

文告指出，5家獲獻購公司包括雲昇機構、雲昇運輸、雲昇船運、雲昇港口創投及雲昇越南有限公司，該公司將展開協商，若有最新進展將再報備。

林漢榮在文告中指出，重整業務成為全方位油氣業者為該公司計劃之一，放眼將公司發展成為全球最賺錢的浮式生產儲卸油船業者。

“脫售非核心資產所得有助專注發展業務，並將所得重新投入賺幅更誘人的油氣計劃，同時改善負債，營造更大成長空間。”【中国报财经】

Type	Announcement
Subject	OTHERS
Description	YINSON HOLDINGS BERHAD ("YHB" OR "COMPANY")RECEIPT OF LETTER OF OFFER FROM LIANNEX LABUAN LIMITED TO ACQUIRE YHB'S NON-OIL AND GAS SUBSIDIARIES
This announcement is dated 29 June 2015. On behalf of the Board of Directors (“Board”) of YHB, AmInvestment Bank Berhad wishes to announce that the Company had on even-date, received a letter of offer (“Offer Letter”) from Liannex Labuan Limited (“Liannex Labuan”). Liannex Labuan is a special purpose private limited company incorporated in Labuan, Malaysia on 25 June 2015 under the Labuan Companies Act 1990. It is principally involved in investment holding. Liannex Labuan is wholly-owned by Liannex Corporation (S) Pte Ltd (“Liannex”), which in turn is wholly-owned by Mr Lim Han Weng and Madam Bah Kim Lian. Mr Lim Han Weng and Madam Bah Kim Lian are both Directors of YHB and Liannex and collectively are major shareholders in YHB as at the date of this announcement. Liannex Labuan offers to pay RM228.0 million for the equity interest in the following companies held by YHB as well as the repayment of inter-company loans owing to YHB by the said companies as a whole:- (i) 100% Yinson Corporation Sdn Bhd; (ii) 100% Yinson Transport Sdn Bhd; (iii) 100% Yinson Shipping Sdn Bhd; (iv) 100% Yinson Port Ventures Pte Ltd; (v) 100% Yinson Vietnam Company Limited; and (vi) 65% equity interest in Yinson Power Marine Sdn Bhd (collectively “Target Subsidiaries”) (“Offer”). The Target Subsidiaries represent the non-oil and gas businesses of YHB. If both YHB and Liannex Labuan are able to come to an agreement, the parties shall enter into a binding agreement within three (3) months from the date of acknowledgement of the Offer Letter. The Offer shall also be valid for a period of three (3) months from the date of acknowledgement of the Offer Letter, unless mutually extended. The Offer Letter is not intended as and does not constitute a binding offer or agreement between the parties. Neither party may claim and enforce any legal rights on the other party arising from any failure to consummate the Offer. The Offer is subject to the conditions precedent, inter alia, as follows:- (i) Liannex Labuan being satisfied with the outcome of the legal due diligence of the Target Subsidiaries; (ii) approval from the Board and shareholders of YHB for this transaction at an extraordinary general meeting to be convened; (iii) financing from a financial institution for this transaction has been obtained by Liannex Labuan; and (iv) approvals, consents, authorisation, permits or waivers of the relevant authorities and any other third parties (where necessary or appropriate) for this transaction has been obtained. The Board of YHB has on even-date, acknowledged the receipt of the Offer Letter and will commence negotiations on the terms of the transaction. The Company will make the appropriate announcements as and when there are any material developments.

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云升首季净利跌66%

财经新闻 财经  2015-07-01 11:24
（吉隆坡30日讯）远期合约面对合理价值和结算亏损，加上外汇损失，导致云升控股（YINSON，7293，主板贸服股）截至4月30日首季，净利按年减少65.52%。

集团首季净赚1044万5000令吉或每股盈利1.01仙，大幅低于上财年同期的3029万6000令吉或3.19仙。

根据文告，远期期货分别在首季蒙受1022万1000令吉的合理价值亏损，以及284万6000令吉的结算亏损；而外汇亏损则达1064万令吉。

同时，首季营业额亦从2亿9407万令吉，按年收窄12.74%至2亿5660万令吉。

云升控股预计，今年全球将处于温和增长速度，下行风险仍在，而内需也疲弱。

在充满挑战的营运环境下，集团将会在2016财年，极力争取令人满意的业绩表现。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2015	30 Apr 2014	30 Apr 2015	30 Apr 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	256,598	294,070	256,598	294,070
2	Profit/(loss) before tax	19,937	37,869	19,937	37,869
3	Profit/(loss) for the period	10,738	31,014	10,738	31,014
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,445	30,296	10,445	30,296
5	Basic earnings/(loss) per share (Subunit)	1.01	3.19	1.01	3.19
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.4060		1.4040

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拟2.28亿售非核心业务 云升跻身纯油气业者

财经新闻 财经  2015-07-01 11:25
（吉隆坡30日讯）云升控股（YINSON，7293，主板贸服股）计划以2.28亿令吉脱售非核心业务，将发展焦点专注在浮式生产储卸油轮（FPSO），旨在成为纯油气业者。

昨天，云升控股执行主席林汉荣与妻子白金莲（译音）宣布，通过特殊用途公司，出价2.28亿令吉，献购公司旗下的物流和贸易业务。

根据文告，林汉荣与白金莲通过Liannex纳闽私人有限公司，向云升控股献购旗下6家物流和贸易业务子公司的股权。

林汉荣与白金莲均是云升控股的大股东，后者也身兼执行董事；而Liannex纳闽公司也同样由两人创立。

对此，肯纳格研究分析员表示不意外，因云升控股一直都在放眼脱售非核心资产，以重新专注于浮式生产储卸油轮（FPSO）业务。

公司上周也建议，通过私下配售，筹资2亿8950万令吉。

脱售价合理

针对脱售价，马银行投行分析员认为相对合理。

“2.28亿令吉的脱售价，相等于是我们给予物流和贸易业务估值的98%。”

然而，肯纳格研究分析员点出，这对净利影响中和，因脱售所得料用来偿还负债及贷款。

“我们早前预计，物流和贸易业务在2016财年，可为公司捎来1940万令吉的净利。惟如今虽然失去了这收入来源，但却能省下1540万令吉的利息，抵消了部分劣势。”



或派特别股息

这项脱售计划，还需得到股东的批准。

马银行投行不排除公司会将部分脱售所得，以派发特别股息的方式，回馈股东；这也是该股短期内催化剂。

从脱售非核心资产和私下配售的活动中，云升控股总共可筹得5.175亿令吉，预计可将净负债率，从0.7倍，拉低至0.3倍，为进一步拓展核心业务，并腾出充裕的借贷空间。

为了不让资产负债表受压，公司今年预计不会再取得大型的FPSO合约。

加纳合约激励

大马研究也看涨公司前景，因加纳的Offshore Cape Three Point（OCTP）FPSO合约，在2017年9月动工后，可贡献1.5亿令吉的净利，是2015财年的两倍。

不过，估计需要动用1.2亿至2亿美元（约4.5亿至7.5亿令吉）的资本开销。

“这会是下一个催化剂，惟估计只有在明年中才会实现。”

肯纳格研究分析员维持“超越大市”的投资评级，目标价格调高至3.89令吉。

闭市时，云升控股报3.05令吉，平盘挂收，成交量有131万3800股。【南洋网财经】

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Notice of Person Ceasing (29C)

YINSON HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	EMPLOYEES PROVIDENT FUND BOARD
Address	Tingkat 19, Bangunan KWSP, Jalan Raja Laut. Kuala Lumpur 50350 Wilayah Persekutuan Malaysia.
NRIC/Passport No/Company No.	EPF ACT, 1991
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary Shares at RM0.50 each
Date of cessation	30 Jun 2015
Name & address of registered holder	Citigroup Nominees (Tempatan) Sdn. Bhd.Employees Provident Fund BoardLevel 42, Menara Citibank165, Jalan Ampang50450 Kuala Lumpur(Disposal of 1,107,800 shares on 30 June 2015. Currently holds 29,844,200 shares)Citigroup Nominees (Tempatan) Sdn. Bhd.Employees Provident FD BD (AMUNDI)(There is no change in shareholding. Currently holds 3,000,000 shares)Citigroup Nominees (Tempatan) Sdn. Bhd.Employees Provident FD BD (AFFIN-HWG)(There is no change in shareholding. Currently holds 11,709,200 shares)Citigroup Nominees (Tempatan) Sdn. Bhd.Employees Provident FD BD (NOMURA)(There is no change in shareholding. Currently holds 6,100,000 shares)

Currency
No of securities disposed	1,107,800
Price Transacted ($$)
Circumstances by reason of which Securities Holder has interest	Disposed
Nature of interest	Direct
Date of notice	01 Jul 2015

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YINSON HOLDINGS BERHAD

1. Details of Corporate Proposal
Involve issuance of new type/class of securities ?	No
Types of corporate proposal	Private Placement
Details of corporate proposal	Private placement of up to 103,279,844 new ordinary shares of RM0.50 each in YHB, representing ten percent (10%) of the issued and paid-up share capital of YHB
No. of shares issued under this corporate proposal	60,000,000
Issue price per share ($$)	Malaysian Ringgit (MYR)   2.8300
Par Value ($$)	Malaysian Ringgit (MYR)   0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units	1,092,798,440
Currency	Malaysian Ringgit (MYR) 546,399,220.000
Listing Date	08 Jul 2015