Investors in Singapore may recall Yinson as the potential saviour for the now-delisted liftboat operator Ezion Holdings. On Feb 18, 2020, Yinson announced a plan to acquire a 63.4% stake in Ezion for US$150 million. This deal aimed to reduce Ezion’s debt from US$1.62 billion to US$403 million.
Malaysian offshore and marine (O&M) companies, including Yinson Holdings, are eyeing various O&M projects.
Founded in Johor Bahru in 1983, Yinson Holdings operates through five distinct business units: Yinson Production, which manages floating, production, storage and offloading (FPSO) vessels; Yinson Renewables, focused on generating renewable power; Yinson GreenTech, which provides green energy solutions; Farroson, an asset manager specialising in sustainable infrastructure investments; and Regulus Offshore, which owns and charters offshore support vessels (OSVs).
