“Therefore, it will have to explore alternative funding sources, primarily by recycling its capital out of 74%-owned FPSO JAK and out of 75%-owned FPSO Anna Nery,” the brokerage noted, following a recent meeting with Yinson group CEO Lim Chern Yuan(pic), group chief strategy officer Daniel Bong, and director of group CEO office Chai Jia Jun.
PETALING JAYA: Capital recycling will be part of Yinson Holdings Bhd
’s financing strategy to fund its ambitious growth plans.
This means the company is prepared to reduce its 74% stake in the floating, production, storage and offloading (FPSO) unit, John Agyekum Kufuor (JAK), offshore Ghana, and 75% stake in FPSO Anna Nery, offshore Brazil.
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