301 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2023 ACCOUNTABILITY (FINANCIAL STATEMENTS) 45. Summary of effects of acquisition and re-organisation of companies (continued) 2023 (continued) Group (continued) (v) On 19 September 2022, Yinson Macacia Sdn. Bhd. (“YMSB”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Yinson Macacia Limited (“YML”) from the Company and Yinson Production Capital Pte. Ltd. (“YPCPL”), an indirect wholly owned subsidiary of the Company for a total consideration of USD215,168,297. YML remains as an indirect wholly owned subsidiary of the Company. (vi) On 29 September 2022, YPCPL, an indirect wholly owned subsidiary of the Company, completed the acquisition of 49% equity interest in PTSC Asia Pacific Pte. Ltd. (“PTSCAP”) from the Company for a consideration of USD48,736,506. As a result, PTSCAP is now a joint venture which is indirectly owned by the Company. The transfer is accounted as a transaction under common control. (vii) On 29 September 2022, YPCPL, an indirect wholly owned subsidiary of the Company, completed the acquisition of 49% equity interest in PTSC South East Asia Pte. Ltd. (“PTSCSEA”) from the Company for a consideration of USD40,827,621. As a result, PTSCSEA is now a joint venture which is indirectly owned by the Company. The transfer is accounted as a transaction under common control. (viii) On 27 October 2022, Yinson Green Technologies Pte. Ltd. (“YGTPL”), an indirect wholly owned subsidiary of the Company, completed the acquisition of 100% equity interest in Gotsurge Pte. Ltd. for a consideration of SGD400,000 (equivalent to RM1.2 million). Company There were no acquisitions or re-organisation during the financial year. 2022 Group 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 USD1.00. YRAS remains as an indirect wholly owned subsidiary of the Company.
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