The board of YZJ has also announced that it further capitalised US$1.45 billion of receivables from YZJ Maritime, which is a wholly owned subsidiary of the company.
Yangzijiang Financial has received a conditional eligibility-to-list the group’s spin-off maritime investments by the Singapore Exchange Securities Trading Limited (SGX-ST).
Named Yangzijiang Maritime Development (YZJ Maritime), the proposed listing is subject to fulfilment of all conditions set out in the letter.
