Yinson FPSO Unit to Allocate Up to $6 Billion in Capex (1)

Yinson Production Offshore Pte. plans to allocate $4.5 billion to $6 billion on capital expenditure in the next three years to expand ahead of a possible initial public offering in the US.

“Listing is something that we would be talking about in three to five years,” Chief Financial Officer Markus Wenker said in an interview last week. While the company has options, an IPO in North America is the preferred choice, he said, adding that plans would depend on market sentiment and potential valuation.

Markus Wenker

Source: Yinson Production Offshore Pte.

The unit of Malaysian energy infrastructure firm Yinson Holdings Bhd. last week signed an agreement ...