PETALING JAYA, June 7 – Shares of Yinson Holdings Bhd surged nearly 14% this morning, hitting a five-month high on reports that US-based Stonepeak Partners is in exclusive talks to buy out the Malaysian oil and gas services giant — a deal that could value the company at RM9 billion.
The stock jumped as much as 29 sen to RM2.39, with 9.5 million shares traded by midday, before trimming gains to RM2.29 by 3.40pm, giving the group a market cap of RM7.05 billion.
Fueling investor excitement is a Bloomberg report claiming Stonepeak is negotiating with the Lim family, who owns a 26.6% stake, to take the company private. The reported buyout price of RM3.23 per share represents a massive 54% premium over yesterday’s close and 37.5% above today’s midday level.
“This is a bold bet on Yinson’s long-term global potential,” one analyst noted.
Founded in 1984 by Lim Han Weng and Bah Kim Lian as a humble lorry transport firm, Yinson has transformed into a global leader in floating production, storage, and offloading (FPSO) vessels, securing US$21 billion (RM88 billion) in contracts through 2048.
Yinson also has significant interests in renewable energy and EV charging networks, positioning it at the intersection of traditional and clean energy sectors.
Despite a 22% drop in net profit for the financial year ended Jan 31, 2025, to RM752 million, and a 38% revenue decline, analysts remain bullish — all 10 research houses covering the stock rate it a “buy”, with an average 12-month target price of RM3.54.
The proposed deal, if sealed, would mark one of the largest foreign takeovers of a Malaysian oil & gas company in recent years.
From Lorry to Legacy:
Chairman Lim Han Weng’s estimated US$480 million net worth (Forbes, April 2025) reflects the group’s rapid rise from domestic hauler to international player. His sons, Chern Yuan (CEO) and Chern Wooi (chairman of Lianson Fleet Group Bhd), are now spearheading the family’s energy empire into its next chapter.
