Yangzijiang Financial targets spin off listing of marine investment platform within 12 months' time

Yangzijiang Financial Holding on April 27 says it is exploring the possibility of spinning off its maritime investments segment into a separately-listed entity on the mainboard of the Singapore Exchange (SGX:S68) , reiterating what The Edge Singapore reported on Feb 27, following an interview with executive chairman Ren Yuanlin.

"Yangzijiang Financial's maritime investment business has high growth potential. The profitability of this segment may be even greater if it's a standalone," Ren told The Edge Singapore back then.