Ren Letian

"You are paying just 30 cents to buy $1 worth of assets."

The company won US$1.09 billion in new orders year to date, bringing its total orderbook to US$8.13 billion

Yangzijiang Financial Holdings will have an initial NTA per share to $1.08.

The investment business to be spun off will look at various asset classes such as private debt, mezzanine financing and REITs

As at Dec 31 2020, its outstanding order book was US$3.09 billion for 83 vessels.

Shares in Yangzijiang closed 0.5 cent higher or 0.5% up at 97.5 cents on Feb 8.

The figure excludes the value of the option orders.

This brings the group’s total value of new orders to US$1.26 billion year-to-date in 2020.

By The Edge SingaporeRen Yuanlin, the executive chairman of Yangzijiang Shipbuilding (Holdings), will resume work with effect from Dec 23, more than four months after he was first said by the company to be “assisting in a confidential investigation”

Rumours of the supposed disappearance of Yangzijiang executive chairman have prompted a flurry of activity