Kuala Lumpur:Yinson Holdings Bhd has clarified that it has not accepted the proposed privatisation scheme or the terms of the proposal letter concerning its major shareholders' plan to take the company private at RM2.50 per share.

According to BERNAMA News Agency, Yinson's board addressed media reports suggesting that the company had accepted the proposed scheme. The board emphasized that neither the scheme nor the terms of the proposal letter had been accepted, as stated in a filing with Bursa Malaysia.

Yinson further explained that a director had unintentionally signed a copy of the proposal letter attached to an earlier announcement. This signature was meant solely for acknowledging receipt of the letter on behalf of the company and was not made following any board decision or resolution, nor should it be seen as acceptance of the proposal.

The company highlighted that the signed acceptance page has not been returned to the joint offerors and ultimate offerors, as stipulated under Section 10 of the proposal letter. Yinson has until December 4 to respond to the proposal and will make a further announcement once the board reaches a decision.