“We are confident that this strategic move will accelerate the next phase of expansion for both Yangzijiang Financial and Yangzijiang Maritime… The spin-off enables two focused, SGX mainboard-listed platforms to pursue differentiated strategies and capital allocation policies,” he adds.
Shares in Yangzijiang Maritime, the spin-off listing of Yangzijiang Financial Holding, is expected to list on the Mainboard of the Singapore Exchange (SGX) at 9am on Nov 18.
“We are pleased to reach this significant milestone to spin off Yangzijiang Maritime, which underscores our commitment to creating long-term shareholder value,” says executive chairman and CEO of Yangzijiang Financial, Ren Yuanlin.
