Yinson Annual Report 2020

319 Annual Report 2020 46. Summary of effects of acquisition and re-organisation of companies (continued) 2019 (continued) (ii) Internal re-organisation of companies During the financial year, the Group had completed the internal re-organisation for the following companies of which there were no consequential financial effects to the Group: (a) On 20 March 2018, Yinson Ghacacia Ltd, an indirect wholly owned subsidiary of the Group, completed the acquisition of 49% equity interest in Yinson Gazania Operations Limited (“YGOL”) from Yinson Nereus Ltd, a wholly owned subsidiary of the Group for a consideration of USD1. YGOL remains as a joint venture of the Group. (b) On 24 September 2018, Yinson Production AS, an indirect wholly owned subsidiary of the Group, completed the acquisition of 40% equity interest in Yinson Operations & Production West Africa Limited (“YOPWAL”) from Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Group for a consideration of USD28,080. (c) On 24 September 2018, Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Nepeta Production Ltd (“YNPL”) from Yinson Nepeta Holdings Ltd, an indirect wholly owned subsidiary of the Group for a consideration of USD1. YNPL remains as an indirect wholly owned subsidiary of the Group. (d) On 27 September 2018, Yinson Production Limited, a wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Production Offshore Pte. Ltd. (“YPOPL”) (formerly known as OY Offshore Pte. Ltd.) from the Company for a consideration of USD1. As a result, YPOPL became an indirect wholly owned subsidiary of the Group. (e) On 27 September 2018, Yinson Production Limited, a wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson International Pte. Ltd. (“YIPL”) (formerly known as Yinson Corporate Services Pte. Ltd.) from the Company for a consideration of USD1. As a result, YIPL became an indirect wholly owned subsidiary of the Group. (f) On 31 October 2018, Yinson Production Offshore Pte. Ltd., an indirect wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Production AS (“YPAS”) from Yinson Production Limited, a wholly owned subsidiary of the Group for a consideration of USD175,360,501. YPAS remains as an indirect wholly owned subsidiary of the Group. (g) On 31 October 2018, Yinson Production Offshore Pte. Ltd., an indirect wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Acacia Ltd (“YAL”) from the Company for a consideration of USD1. As a result, YAL became an indirect wholly owned subsidiary of the Group. (h) On 1 November 2018, Yinson Offshore Marine Limited, an indirect wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Camellia Limited (“YCL”) from Yinson Nereus Ltd, a wholly owned subsidiary of the Group for a consideration of USD9,640,559. YCL remains as an indirect wholly owned subsidiary of the Group. (i) On 31 January 2019, Yinson Production AS, an indirect wholly owned subsidiary of the Group, completed the acquisition of 100% equity interest in Yinson Lavender Operations Sdn. Bhd. (“YLOSB”) from the Company for a consideration of RM1. As a result, YLOSB became an indirect wholly owned subsidiary of the Group.