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GSS Energy CEO Yeung to buy out main operating unit

The Edge Singapore
The Edge Singapore1/23/2020 10:52 PM GMT+08  • 2 min read
GSS Energy CEO Yeung to buy out main operating unit
Sidney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S).
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SINGAPORE (Jan 23): Sydney Yeung, group CEO and controlling shareholder of GSS Energy, is offering to acquire the key operating subsidiary of the company, Giken Sakata (S).

“The company is still considering and formulating a response with respect to the potential transaction. “No definitive agreements have been entered into and there is no certainty that the potential transaction will be consummated,” said the company on Jan 23.

The transaction will require an independent valuation of the parts to be bought, and approval of GSS Energy’s minority shareholders.

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