Yinson Annual Report 2021

306 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 46. Summary of effects of acquisition and re-organisation of companies 2021 (a) Internal re-organisation of companies During the financial year, the Group completed the internal re-organisation for the following companies of which there were no consequential financial effects to the Group: (i) On 7 February 2020, Yinson Production Offshore Pte. Ltd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Production Pte. Ltd. ("YPPL") from Yinson Production Limited, an indirect wholly owned subsidiary of the Group for a consideration of USD6,203,496. YPPL remains as an indirect wholly owned subsidiary of the Company. (ii) On 28 April 2020, Yinson Production Offshore Pte. Ltd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Production Capital Pte. Ltd. (formerly known as Yinson Malva Production Pte. Ltd.) ("YPCPL") from Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Company for a consideration of USD1,000. YPCPL remains as an indirect wholly owned subsidiary of the Company. (iii) On 3 August 2020, Yinson Production Capital Pte. Ltd. (formerly known as Yinson Malva Production Pte. Ltd.), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Trillium Limited ("YTL") from the Company for a consideration of USD145,330,001. YTL remains as an indirect wholly owned subsidiary of the Company. (iv) On 17 August 2020, Yinson Boronia Servicos De Operacao LTDA ("YBSDO"), an indirect wholly owned subsidiary of the Company, increased the issued and paid-up capital from R$1,645,176 to R$9,803,118 by an allotment of 1,359,657 new ordinary shares at an issue price of R$6 each totalling to an amount of R$8,157,942 with 1,350,146 and 9,511 new ordinary shares being subscribed by Yinson Boronia Production B.V. ("YBPBV") and Yinson Boronia Holdings (S) Pte. Ltd. ("YBH(S)PL") respectively. As a result, YBPBV and YBH(S)PL own 99.35% and 0.65% equity interest in YBSDO respectively. (v) On 10 September 2020, Yinson Global Corporation (HK) Limited, an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson International Pte. Ltd. ("YIPL") from Yinson Production Offshore Pte. Ltd., an indirect wholly owned subsidiary of the Company for a consideration of USD20,000,000. YIPL remains as an indirect wholly owned subsidiary of the Company. (vi) On 17 September 2020, Yinson Offshore Services Sdn. Bhd. ("YOSSB"), a wholly owned subsidiary of the Company, increased its issued and paid-up capital from RM1 to RM6,656,550 by an allotment of 6,656,549 new ordinary shares at an issue price of RM1 each by way of capitalisation of amount owing by YOSSB to the Company of RM3,993,929 and amount owing by YOSSB to Yinson Global Corporation (HK) Limited ("YGC(HK)"), an indirect wholly owned subsidiary of the Group, of RM2,662,620. As a result, the Company and YGC(HK) own 60% and 40% equity interest in YOSSB respectively. (vii) On 6 October 2020, Yinson Global Corporation (HK) Limited, an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson TMC Sdn. Bhd. ("YTMC") from the Company for a consideration of RM235,421,163. As a result, YTMC became an indirect wholly owned subsidiary of the Company. (viii) On 30 December 2020, Yinson Macacia Limited ("YML"), an indirect wholly owned subsidiary of the Company, increased the issued and paid-up capital from USD1 to USD201,300,000 by an allotment of 201,299,999 new ordinary shares at an issue price of USD1 each by way of capitalisation of amount owing by YML to the Company of USD120,779,999 and amount owing by YML to Yinson Production Capital Pte. Ltd. (formerly known as Yinson Malva Production Pte. Ltd.) ("YPCPL"), an indirect wholly owned subsidiary of the Company, of USD79,952,307 coupled with a cash injection of USD567,693. As a result, the Company and YPCPL own 60% and 40% equity interest in YML respectively. (ix) On 4 January 2021, Yinson Offshore Services Sdn. Bhd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Offshore Services Limited ("YOSL") from the Company for a consideration of USD1. As a result, YOSL became an indirect wholly owned subsidiary of the Company.