280 YINSON HOLDINGS BERHAD ACCOUNTABILITY 47. SUMMARY OF EFFECTS OF ACQUISITION OF COMPANIES (CONTINUED) 2025 (continued) Company Refer to Note 20 for the acquisitions during the financial year. 2024 Group In the previous financial year, the Group had completed the acquisitions for the following companies: (a) On 7 February 2023, Yinson Production Offshore Pte. Ltd. (“YPOPL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in London Marine Group Limited, London Marine Consultants Limited and LMC Asia Pacific Pte. Ltd. (collectively “LMG Group”) for a total cash consideration of GBP0.5 million (approximately RM3.3 million). Net cash inflow arising from the acquisition was GBP1.3 million (approximately RM8.1 million), after deducting cash and cash equivalents held by LMG Group of GBP1.8 million (approximately RM11.4 million). London Marine Group Limited is the holding company of London Marine Consultants Limited and LMC Asia Pacific Pte Ltd. (b) On 31 July 2023, Yinson Bouvardia Holdings Pte. Ltd., an indirect wholly owned subsidiary of the Company, has completed the acquisition of 100% equity interest in AFPS B.V. from Atlanta Field B.V. by way of exercising the call option with a purchase cash consideration of USD22 million (RM99.3 million). Refer to Note 6(b)(iii) for details. (c) On 6 September 2023, Yinson Green Technologies (M) Sdn. Bhd. (“YGTMSB”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 2,330,000 ordinary shares in Green EV Charge Sdn. Bhd. (“GEVCSB”) from Greentech Malaysia Alliances Sdn. Bhd. (“GTMA”) for a total cash consideration of RM4.66 million. This resulted in the increase of YGTMSB’s equity interest in GEVCSB from 81.27% to 90%. 2024 RM million Carrying amount of non-controlling interests acquired 2 Consideration paid to non-controlling interests (5) Excess of consideration paid recognised in retained earnings (3) (d) On 30 January 2024, YR Peru S.A.C., an indirect wholly-owned subsidiary of the Company, completed the acquisition of GR Cortarrama S.A.C. at the purchase consideration of approximately USD25.0 million (approximately RM116.6 million). Refer to Note 17(c) for the details on this asset acquisition. Company Refer to Note 20 for the acquisitions in the previous financial year.
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