It added that the “directors recommend that shareholders vote in favour of the ordinary resolutions relating to the proposed spin-off” at the extraordinary general meeting on Apr 18.
The directors of Yangzijiang Shipbuilding are seemingly in favour of the proposed spin-off of the group’s investment segment for a separate listing on the mainboard of the Singapore Exchange (SGX).
The proposed move is “in the best interests of the company,” the shipbuilder noted in a regulatory filing on Apr 1.
