Yangzijiang announced plans to spin-off its investment business for its separate listing on Nov 29, leaving the core shipbuilding business.
Yangzijiang Shipbuilding’s shareholders will receive shares of its proposed spin-off proportionally in the form of dividend in specie, subjected to the successful completion of the spin-off and listing, the company said in an update.
The company also revealed its plan to list the spin-off on the Singapore Exchange mainboard.
