ACCOUNTABILITY 280 YINSON HOLDINGS BERHAD 49. SUMMARY OF EFFECTS OF ACQUISITION OF COMPANIES (CONTINUED) 2025 (continued) Group (continued) (e) On 6 September 2024, YR Peru S.A.C, an indirect wholly-owned subsidiary of the Company signed the “Second Amendment to the SPA” to acquire the remaining shares from Verano Energy SpA (“Verano”) as the fulfilment of Milestone Payment 3 at the purchase consideration of approximately USD1 million (approximately RM4.6 million). As a result, the equity interest in Majes Sol. De Verano S.A.C (“Majes”) has increased from 51% to 100%, collectively owned by YR Peru S.A.C of 49% and YR Peru Limited of 51%. The Group has concluded that it had obtained control in Majes. Accordingly, the Group’s investment in Majes was reclassified from joint venture to wholly-owned subsidiary. This transaction has been accounted for as an asset acquisition rather than a business combination. Refer to Note 17(c) for the details on this asset acquisition. Company Refer to Note 20 for acquisitions during the previous financial year. 50. SUMMARY OF EFFECTS OF DILUTION AND DISPOSAL OF COMPANIES 2026 Group (a) On 28 April 2025, Yinson Global Corporation (S) Pte Ltd, a direct wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement to dispose 100% equity interest in Farosson Pte. Ltd. for a consideration of USD1. The loss arising from this disposal amounted to RM1 million. (b) On 1 May 2025, Yinson Mobility Sdn Bhd, an indirect wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement to dispose of its 100% equity interest in Oyika Green Technologies Sdn Bhd for a total consideration of RM0.9 million, of which RM0.4 million was settled in cash and RM0.5 million in benefit-in-kind. The disposal was completed on 25 August 2025 and the loss arising from this disposal amounted to RM1 million. (c) On 27 August 2025, Yinson Venture Capital Pte. Ltd. (“YVCPL”), an indirect wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement to dispose of its 100% equity interest in Shift Clean Solutions Ltd for a consideration of USD 1. The disposal was completed on 3 September 2025, and the gain arising from this disposal, including the reclassification of cumulative foreign currency translation reserve, amounted to RM7 million. (d) On 28 August 2025, Yinson Green Technologies Pte. Ltd (“YGTPL”), an indirect wholly-owned subsidiary of the Company, entered into a Sale and Purchase Agreement to dispose of its 100% equity interest in Yinson Green Technologies AS (“YGTAS”), for a consideration of USD 1. The disposal was completed on 3 September 2025 and the loss arising from this disposal, including the reclassification of cumulative foreign currency translation reserve, amounted to RM5 million. Yinson Green Technologies Ltd., a direct wholly-owned subsidiary of YGTAS, was also disposed of on the same date as part of the transaction, and the financial impact is immaterial. (e) On 25 November 2025, Yinson Tulip Limited, a direct wholly-owned subsidiary of the Company, was struck off pursuant to the relevant provisions of the Labuan Companies Act 1990. A gain from the reclassification of the cumulative foreign currency translation reserve of approximately RM10 million was recognised. (f) On 25 November 2025, Yinson Camellia Limited, an indirect wholly-owned subsidiary of the Company, respectively, was struck off pursuant to the relevant provisions of the Labuan Companies Act 1990. A gain from the reclassification of the cumulative foreign currency translation reserve of approximately RM1 million was recognised. The above-mentioned disposals do not have a material impact on the Group’s financial statements at the respective dates of disposal. Company Refer to Note 20 for the disposals during the financial year.
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