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Yangzijiang Shipbuilding (Holdings)
Company in the news
Yangzijiang Financial Holding to seek share buyback mandate with June 8 EGM
Prior to the buybacks, three YFH directors had paid between 48 cents and 57 cents to add to their stakes
May 23, 2022
Spinoff and listing
Ren's next act
Ren Yuanlin brought Yangzijiang Shipbuilding to list on SGX back in 2007; 15 years later, he is listing Yangzijiang Financial
April 28, 2022
Spinoff and listing
SGX welcomes YZJFH to Mainboard as shares start trading at 68.5 cents
As at 1.31pm, shares in YZJFH are trading at 64 cents, down 4.5 cents from its opening price.
April 28, 2022
Broker's Calls
OCBC lowers Yangzijiang's TP to 95 cents to account for spin-off of investment arm
Yangzijiang’s NAV per share is expected to fall to about 87 cents after the spin-off from its previous NAV per share of $1.96.
April 22, 2022
Company in the news
Yangzijiang Financial Holding to be added to STI, FTSE ST Mid Cap Index, FTSE ST China Index and FTSE ST All-Share Index
YZJFH will begin trading at 1pm on April 28.
April 20, 2022
Company in the news
Yangzijiang shareholders vote overwhelming in favour of investment arm spin-off
YFH plans to acquire GEM Asset Management, which holds a capital markets services licence, by end of this month.
April 18, 2022
Broker's Calls
DBS reiterates 'buy' call on YZJ; spin-off YZJFH aims for ROE of 8-10%
YZJ is one of the largest private shipbuilders in China
April 12, 2022
Broker's Calls
UOBKH adds MM2, SIAEC and Venture to its alpha picks; takes profit on BRC Asia and Yangzijiang
The analysts have given “buy” calls on MM2, SIAEC and Venture Corp with target prices of 12 cents, $2.80 and $22.80 respectively.
April 04, 2022
M&A
Yangzijiang invests RMB200 mil in Anhui Shiyin Yangchuan Industrial
Yangzijiang is poised to spin off its investment business for a separate listing
March 13, 2022
Results
Yangzijiang reports 2HFY2021 earnings of RMB2.06 bil; moving ahead with spin off of investment business
The investment business to be spun off will look at various asset classes such as private debt, mezzanine financing and REITs
February 27, 2022