In their report dated April 5, Lim and Tan say they expect the spin-off to be listed by the end of April.
CGS-CIMB Research analysts Lim Siew Khee and Isabella Tan have kept “add” on Yangzijiang Shipbuilding (YZJ) with a higher target price of $2.41 from $1.78 previously as the wait for the listing of YZJ’s spin-off group is over.
The extraordinary general meeting (EGM) for the approval of the spin-off, named YZJ Financial Holdings (YZJFH), will be held at 4pm on April 18.
