In contrast, Yangzijiang’s net asset value as at Dec 31 2021 was RMB9.16 ($1.95) per shares. Based on March 25 closing price of $1.46, it has a market value of $5.8 billion.
Yangzijiang Financial Holding, the entity that will soon be spun off from Yangzijiang Shipbuilding (Holdings) for a separate listing, has received an injection of share capital bringing its initial NTA per share to $1.08.
This amount is based on YZJFH’s share capital of some $4.26 billion and a total base of 3.95 billion shares. YZJFH received its eligibility-to-list on March 25.
