It adds that the group’s founder, Ren Yuanlin remains a substantial shareholder, although it does not hold any directorrship or management position within the group. Ren is also not involved in the group’s operational decision-making.
Yangzijiang Shipbuilding has it has “no plans, proposals or discussions” relating to equity fund-raising transactions outside of Singapore.
“The company’s management has not participated in any media interviews in relation to the above matters, and no such matters have been discussed or considered by management,” says the company in a statement dated April 1.
