Yinson Holdings Berhad announced that the Company had on 9 May 2019, incorporated a wholly-owned subsidiary, Yinson Global Corporation (HK) Limited (YGC), in Hong Kong under the Companies Ordinance (Chapter 622). The initial issued and paid-up share capital of YGC is USD 1.00 comprising 1 ordinary share. The principal activity of YGC is investment holdings. The incorporation of YGC is not expected to have any material effect on the earnings and net assets of YHB Group for the financial year ending 31 January 2020.