Malaysian Tycoon And Son Win Multibillion Dollar Energy Contracts To Make Their Offshore Vessel Operator Yinson The World’s Third-Biggest [Forbes]
Petroleo Brasileiro S.A. Petrobras American Depositary Shares representing Preferred Shares (PBR.A)
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Source: Forbes
This story is part of Forbes' coverage of Malaysia's Richest 2025. See the full list here A fter participating in the APEC Summit in Peru's capital city last November, Malaysia's Prime Minister Anwar Ibrahim made a brief stopover in Rio de Janeiro, where he attended a reception hosted by Malaysian businessman Lim Han Weng and his son Lim Chern Yuan. The glad-handing event was to celebrate the opening of the new Brazilian office of Yinson Production, a unit of Lim's Bursa Malaysia-listed Yinson Holdings. Anwar waxed eloquent about the company, calling it an example of his country's “commitment to supporting global energy needs with innovation and responsibility.” Over the past decade or so, Kuala Lumpur-based Yinson (market cap: $1.1 billion) has emerged as one of the world's biggest providers of what's referred to as floating production, storage and offloading (FPSO) vessels for the global oil and gas industry. These FPSO vessels, costing upward of $1 billion apiece, are used t
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