From Trucks to OilnGas, Vietnam is the Expansion Springboard

Yinson Holdings Berhad Executive Director Lim Chern Yuan discusses:

- Its early start in business;
- Details of its transition into port management and oil and gas support;
- Its different businesses in Vessel Chartering  - Ship Management - Commodity Sourcing - Port and Deep Sea Handling - - Transportation;
- Typical clients;
- Its recent win, an offshore services job worth some RM1 billion from PetroVietnam;
- Competition with Bumi Armada;
- Challenges: transport - fuel - toll - costs - skilled personnel;
- Foreign expansion challenges;
- Trading in construction materials and profit margins;
- Depleting cash;
- Ballooning receivables and aging profile;
- Governance concerns: Chairman and Managing Director being his father Lim Han Eng;
- Five family members on a board of eight;
- Whether plans to further institionalise the company and the board.

 

"Yinson Holdings Bhd Executive Director Lim Chern Yuan shares additional thoughts on funding needs for the organisation in the next 3 years, Petro Vietnam and the Bumiputera element."