345 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 45. Summary of effects of acquisition and re-organisation of companies 2022 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: (i) On 5 February 2021, Yinson Global Corporation (S) Pte. Ltd., a direct wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Renewables Pte. Ltd. (“YRPL”) from Yinson Renewables (HK) Limited, an indirect wholly owned subsidiary of the Company for a consideration of USD300,000. YRPL remains as an indirect wholly owned subsidiary of the Company. (ii) On 25 February 2021, Yinson Trillium Limited (“YTL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 2.42% equity interest in Yinson Production (West Africa) Pte. Ltd. (“YPWAPL”) from Yinson Production Pte. Ltd., an indirect wholly owned subsidiary of the Company for a consideration of USD2,097,344. As a result, YTL owns 74% equity interest in YPWAPL. (iii) On 31 March 2021, Yinson Global Corporation (S) Pte. Ltd., a wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Green Technologies Pte. Ltd. (“YGTPL”) from Yinson Global Corporation (HK) Limited, an indirect wholly owned subsidiary of the Company for a consideration of USD4,000,000. YGTPL remains as an indirect wholly owned subsidiary of the Company. (iv) On 11 May 2021, Yinson Renewables Pte. Ltd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Renewables AS (“YRAS”) from Yinson Renewables (HK) Limited, an indirect wholly owned subsidiary of the Company for a consideration of NOK33,000. YRAS remains as an indirect wholly owned subsidiary of the Company. (v) On 29 June 2021, Yinson Production Capital Pte. Ltd. (“YPCPL”), an indirect wholly owned subsidiary of the Company, increased its issued and paid-up capital from USD80,521,000 to USD127,234,306 by way of allotment of 46,713,306 new ordinary shares at an issue price of USD1 each by way of cash injection. As a result, YPCPL remains as an indirect wholly owned subsidiary of the Company. (vi) On 29 June 2021, Yinson Production Capital Pte. Ltd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Nepeta Production Ltd (“YNPL”) from Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Company for a consideration of USD46,713,306. YNPL remains as an indirect wholly owned subsidiary of the Company. (vii) On 13 July 2021, Yinson Renewables Pte. Ltd., an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Renewables (UK) Limited (“YRUK”) from Yinson Renewables (HK) Limited for a consideration of USD396,062. As a result, YRUK remains an indirect wholly owned subsidiary of the Company. (viii) On 15 July 2021, Yinson Offshore Services Sdn. Bhd., a wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in OY Labuan Limited (“OYLL”) from the Company, for a consideration of USD1. OYLL remains as an indirect wholly owned subsidiary of the Company. (ix) On 6 August 2021, Yinson Macacia Limited, an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Lavender Operations Sdn. Bhd. (“YLOSB”) from Yinson Production AS for a consideration of USD2,050,000. As a result, YLOSB remains as an indirect wholly owned subsidiary of the Company. (x) On 22 December 2021, Yinson Global Corporation (S) Pte. Ltd., a wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Production Offshore Pte. Ltd. (“YPOPL”) from Yinson Global Corporation (HK) Limited, an indirect wholly owned subsidiary of the Company for a consideration of USD469,000,000. YPOPL remains as an indirect wholly owned subsidiary of the Company. (xi) On 28 December 2021, the Company completed the acquisition of 100% equity interest in Yinson Heather Ltd (“YHL”) from Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Company for a consideration of USD70,000. YHL became a wholly owned subsidiary of the Company. (xii) On 28 December 2021, the Company completed the acquisition of 100% equity interest in Yinson Ghacacia Ltd (“YGL”) from Yinson Acacia Ltd, an indirect wholly owned subsidiary of the Company for a consideration of USD100,000. YGL became a wholly owned subsidiary of the Company.
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