July 9, 2014

Company announcements: KLK, TATGIAP, AFFIN, TENAGA, YINSON

KLK - Changes in Sub. S-hldr's Int. (29B) - Employees Provident Fund Board

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameKUALA LUMPUR KEPONG BERHAD  
Stock Name KLK  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoKL-140709-71D64

Particulars of substantial Securities Holder

NameEmployees Provident Fund Board
AddressTingkat 19
Bangunan KWSP
Jalan Raja Laut
50350 Kuala Lumpur
NRIC/Passport No/Company No.EPF Act 1991
Nationality/Country of incorporationMalaysia
Descriptions (Class & nominal value)Ordinary Shares of RM1.00 each
Name & address of registered holderCitigroup Nominees (Tempatan) Sdn Bhd
[Employees Provident Fund Board]
Level 42, Menara Citibank
165 Jalan Ampang
50450 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed04/07/2014
340,000
 

Circumstances by reason of which change has occurredDisposed
Nature of interestDirect
Direct (units)154,214,438 
Direct (%)14.48 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change154,214,438
Date of notice07/07/2014

Remarks :
Notification received on 09/07/2014


TATGIAP - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameTATT GIAP GROUP BERHAD  
Stock Name TATGIAP  
Date Announced9 Jul 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoCC-140708-61343

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalOthers
Details of corporate proposalConversion of Irredeemable Convertible Unsecured Loan Stocks to Ordinary Shares
No. of shares issued under this corporate proposal2,024,801
Issue price per share ($$)MYR 0.500
Par Value ($$)MYR 0.500
Latest issued and paid up share capital after the above corporate proposal in the following
Units105,860,801
CurrencyMYR 52,930,400.500
Listing Date10/07/2014


AFFIN - Additional Listing Announcement

Announcement Type: Additional Listing Announcement (ALA)
Company NameAFFIN HOLDINGS BERHAD  
Stock Name AFFIN  
Date Announced9 Jul 2014  
CategoryAdditional Listing Announcement (ALA)
Reference NoMI-140707-64796

1. Details of Corporate Proposal

Whether the corporate proposal involves the issuance of new type
and new class of securities?
No
Types of corporate proposalRights Issue
Details of corporate proposalRENOUNCEABLE RIGHTS ISSUE OF 448,372,741 NEW ORDINARY SHARES OF RM1.00 EACH IN AFFIN HOLDINGS BERHAD (“RIGHTS SHARES”) ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD AS AT 5.00 P.M. ON 12 JUNE 2014 AT AN ISSUE PRICE OF RM2.76 PER RIGHTS SHARE
No. of shares issued under this corporate proposal448,372,741
Issue price per share ($$)MYR 2.760
Par Value ($$)MYR 1.000
Latest issued and paid up share capital after the above corporate proposal in the following
Units1,942,948,547
CurrencyMYR 1,942,948,547.000
Listing Date10/07/2014


TENAGA - Changes in Sub. S-hldr's Int. (29B) - AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-33330

Particulars of substantial Securities Holder

NameAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA
AddressTINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA, TINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired03/07/2014
1,051,700
 

Circumstances by reason of which change has occurredPURCHASED OF SHARES MANAGED BY AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA :- 1,051,700
Nature of interestDIRECT INTEREST
Direct (units)432,835,500 
Direct (%)100 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change432,835,500
Date of notice03/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Permodalan Nasional Berhad for and on behalf of AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera on 9 July 2014.


TENAGA - Changes in Sub. S-hldr's Int. (29B) - AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-33119

Particulars of substantial Securities Holder

NameAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA
AddressTINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA, TINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired02/07/2014
1,536,500
 

Circumstances by reason of which change has occurredPURCHASED OF SHARES MANAGED BY AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA :- 1,536,500
Nature of interestDIRECT INTEREST
Direct (units)431,783,800 
Direct (%)100 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change431,783,800
Date of notice02/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Permodalan Nasional Berhad for and on behalf of AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera on 9 July 2014.


TENAGA - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-34137

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD, TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR.

2) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD.

3) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AMUNDI).

4) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KIB).

5) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (HDBS).

6) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD ( RHB INV).

7) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AM INV).

8) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (MAYBAN).

9) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KAF FM).

10) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (NOMURA).

11) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (PHEIM).

12) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (CIMB PRI).

13) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (ARIM).

14) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (TEMPLETON).

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed01/07/2014
944,800
 
Disposed01/07/2014
600,000
 

Circumstances by reason of which change has occurred1)SALES OF SHARES MANAGED BY CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD:- 944,800
2)SALES OF SHARES MANAGED BY PORTFOLIO MANAGER:-
i) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (RHB INV):- 600,000
Nature of interestDIRECT & INDIRECT INTEREST
Direct (units)692,996,382 
Direct (%)89 
Indirect/deemed interest (units)86,065,737 
Indirect/deemed interest (%)11 
Total no of securities after change779,062,119
Date of notice02/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Citigroup Nominees (Tempatan) Sdn. Bhd. for and on behalf of Employees Provident Fund Board on 9 July 2014.


TENAGA - Changes in Sub. S-hldr's Int. (29B) - AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-33661

Particulars of substantial Securities Holder

NameAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA
AddressTINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR
NRIC/Passport No/Company No.766894-T
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holderAMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA, TINGKAT 4, BALAI PNB, 201-A, JALAN TUN RAZAK, 50400 KUALA LUMPUR

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Acquired04/07/2014
553,500
 

Circumstances by reason of which change has occurredPURCHASED OF SHARES MANAGED BY AMANAHRAYA TRUSTEES BERHAD - SKIM AMANAH SAHAM BUMIPUTERA :- 553,500
Nature of interestDIRECT INTEREST
Direct (units)433,389,000 
Direct (%)100 
Indirect/deemed interest (units) 
Indirect/deemed interest (%) 
Total no of securities after change433,389,000
Date of notice04/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Permodalan Nasional Berhad for and on behalf of AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera on 9 July 2014.


TENAGA - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-34382

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD, TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR.

2) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD.

3) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AMUNDI).

4) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KIB).

5) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (HDBS).

6) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD ( RHB INV).

7) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AM INV).

8) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (MAYBAN).

9) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KAF FM).

10) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (NOMURA).

11) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (PHEIM).

12) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (CIMB PRI).

13) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (ARIM).

14) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (TEMPLETON).

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed02/07/2014
2,070,800
 
Acquired02/07/2014
800,000
 
Acquired02/07/2014
400,000
 
Disposed02/07/2014
400,000
 
Disposed02/07/2014
50,000
 

Circumstances by reason of which change has occurred1)SALES OF SHARES MANAGED BY CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD:- 2,070,800
2)PURCHASED OF SHARES MANAGED BY PORTFOLIO MANAGERS:-
i) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AMUNDI):- 800,000
ii) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (HDBS):- 400,000
3)SALES OF SHARES MANAGED BY PORTFOLIO MANAGERS:-
i) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (RHB INV):- 400,000
ii) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (ARIM):- 50,000
Nature of interestDIRECT & INDIRECT INTEREST
Direct (units)690,925,582 
Direct (%)89 
Indirect/deemed interest (units)86,815,737 
Indirect/deemed interest (%)11 
Total no of securities after change777,741,319
Date of notice03/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Citigroup Nominees (Tempatan) Sdn. Bhd. for and on behalf of Employees Provident Fund Board on 9 July 2014.


TENAGA - Changes in Sub. S-hldr's Int. (29B) - EMPLOYEES PROVIDENT FUND BOARD

Announcement Type: Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Company NameTENAGA NASIONAL BHD  
Stock Name TENAGA  
Date Announced9 Jul 2014  
CategoryChanges in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference NoTN-140709-35062

Particulars of substantial Securities Holder

NameEMPLOYEES PROVIDENT FUND BOARD
AddressTINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR
NRIC/Passport No/Company No.EPF ACT 1991
Nationality/Country of incorporationMALAYSIAN
Descriptions (Class & nominal value)ORDINARY SHARES OF RM1.00 EACH
Name & address of registered holder1) EMPLOYEES PROVIDENT FUND BOARD, TINGKAT 19, BANGUNAN KWSP, JALAN RAJA LAUT, 50350 KUALA LUMPUR.

2) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD.

3) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AMUNDI).

4) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KIB).

5) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (HDBS).

6) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD ( RHB INV).

7) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (AM INV).

8) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (MAYBAN).

9) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KAF FM).

10) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (NOMURA).

11) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (PHEIM).

12) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (CIMB PRI).

13) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (ARIM).

14) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (TEMPLETON).

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transactionDate of change
No of securities
Price Transacted (RM)
Disposed03/07/2014
1,000,000
 
Acquired03/07/2014
1,500,000
 
Disposed03/07/2014
225,000
 
Disposed03/07/2014
50,000
 

Circumstances by reason of which change has occurred1)SALES OF SHARES MANAGED BY CITIGROUP NOMINEES (TEMPATAN) SDN. BHD.:- EMPLOYEES PROVIDENT FUND BOARD:- 1,000,000
2)PURCHASED OF SHARES MANAGED BY PORTFOLIO MANAGER:-
i) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (HDBS):- 1,500,000
3)SALES OF SHARES MANAGED BY PORTFOLIO MANAGERS:-
i) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (KAF FM):- 225,000
ii) CITIGROUP NOMINEES (TEMPATAN) SDN. BHD. :- EMPLOYEES PROVIDENT FD BD (ARIM):- 50,000
Nature of interestDIRECT & INDIRECT INTEREST
Direct (units)689,925,582 
Direct (%)89 
Indirect/deemed interest (units)88,040,737 
Indirect/deemed interest (%)11 
Total no of securities after change777,966,319
Date of notice04/07/2014

Remarks :
The Notice Of Change In The Interests Of Substantial Shareholder was received from Citigroup Nominees (Tempatan) Sdn. Bhd. for and on behalf of Employees Provident Fund Board on 9 July 2014.


YINSON - OTHERS YINSON HOLDINGS BERHAD (“YHB” OR “COMPANY”) OFFER PROCESS IN RELATION TO THE JOINT VENTURE COMPANY, TINWORTH PTE. LTD., AND THE FPSO PETROLEO NAUTIPA

Announcement Type: General Announcement
Company NameYINSON HOLDINGS BERHAD  
Stock Name YINSON  
Date Announced9 Jul 2014  
CategoryGeneral Announcement
Reference NoMB-140708-61201

TypeAnnouncement
SubjectOTHERS
DescriptionYINSON HOLDINGS BERHAD (“YHB” OR “COMPANY”)

OFFER PROCESS IN RELATION TO THE JOINT VENTURE COMPANY, TINWORTH PTE. LTD., AND THE FPSO PETROLEO NAUTIPA

On behalf of the Board of Directors of YHB (“Board”), AmInvestment Bank Berhad and Maybank Investment Bank Berhad wish to announce that YHB’s wholly-owned subsidiary, Yinson Production AS (“YPAS”) (formerly known as Fred Olsen Production AS) has, on 8 July 2014, received an offer letter (“Offer Letter”) from BW Offshore Limited (“BW Offshore”) proposing a process for reaching a mutual agreement over the eventual 100% ownership of the floating, production, storage and offloading facility vessel, Petroleo Nautipa (“FPSO Petroleo Nautipa”) and its owner, Tinworth Pte. Ltd. (“Tinworth”), by either parties (“Offer”). 

Tinworth is a 50-50 joint venture held between Nautipa AS (“NAS”), a wholly-owned subsidiary of Yinson Production AS and Prosafe Nautipa AS (“PNAS”), a direct subsidiary of Prosafe Production Public Limited which is ultimately held by BW Offshore. It is proposed that the sale and purchase be in respect of 100% equity interest in PNAS or 100% equity of NAS, as the case may be. Completion will be conditional upon receipt of YHB shareholders’ approval.

The Board will deliberate and decide on the Offer to either acquire the 100% equity interest in PNAS or dispose its 100% equity interest in NAS and further announcement on the decision undertaken by the Board will be made by YHB within the next ten (10) business days from the date of receipt of the Offer Letter by Yinson Production AS.

This announcement is dated 9 July 2014.

 

 

 



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