Dymon Asia PE to back Yee Lee's $45m privatisation.

Dymon Asia PE, a private equity investment company, agreed to back Yee Lee's $45m privatisation. Malaysia's Yee Lee is engaged in the production and distribution of edible oil and has expanded into other food verticals as well as packaging, marketing and distribution of fast moving consumer products, plantation and eco-tourism. Under the terms of the offer, Langit Makmur, a special purpose unit of Dymon Asia, will join Yee Lee’s founder and executive chairman Datuk Lim A Heng and other shareholders to acquire 79.7m shares, equivalent to a 41.59% stake, they don’t currently own. The offer price represents a 20.1% premium compared to Yee Lee’s last transacted price on April 25.