As per announcement back in August on proposed acquisition, Icon Offshore has entered into conditional share sale and purchase agreement with Liannex Fleet to purchase 100% of the total share for RM132 million, 51% stake in Yinson Power Marine for RM18 million, 70% in Regulus Offshore for RM136 million, 100% in Yinson Camelia for RM24 million, YPVPL for RM16.9 million, YPL for RM9.8million, Icon Bahtera for RM33.7 million and Icon Waja for RM9.8 million.
The proposed acquisitions by Icon Offshore of the shares will come to a total purchase consideration of RM429.1 million which the group aim to wholly satisfy via the issuance of a total of 487,613,637 shares at the issue price.
