Malaysia’s Yinson Holdings is edging closer to a landmark decision to spin off its floating production division via a listing on an overseas stock exchange as a strategic review of its floating production, storage and offloading business segment moves toward its climax.

Yinson told investors back on 1 March that it was conducting a strategic review of its FPSO division to better unlock and maximise shareholder value.

The review has explored various options including an initial public offering or strategic partnership opportunities.