Yinson Production, a Singapore-based floater owner, secures a $1bn investment from an international consortium led by Abu Dhabi Investment Authority’s subsidiary, British Columbia Investment Management Corporation, and RRJ Group, through a UK-based holding company. The funds will support the company’s growth and provide a $200m distribution to the controlling shareholder, with the transaction expected to close in Q1 2025. With a fleet of 10 vessels and an orderbook exceeding $22bn until 2048, Yinson Production aims to strengthen its market position in the FPSO sector.
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Billion-dollar money laundering case: 4 law firms linked to seized properties named, 2 more identified and reprimanded
Read a summary of this article on FAST.Get bite-sized news via a newcards interface. Give it a try. Click here to return to FAST Tap here to return to FAST FASTSINGAPORE: Four law firms involved in Singapore's S$3 billion money laundering case have been named for breaching anti-money laundering obligations. Investigations by the Ministry of Law revealed that firms like Anthony Law Corporation failed to conduct necessary scrutiny on property transactions linked to the laundering...
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