Yangzijiang sells stake in associate company for 29.5m yuan
YANGZIJIANG Shipbuilding said on Tuesday it has disposed of an investment in an associated company for 29.5 million yuan (S$5.99 million).
The disposal - of its 20 per cent equity interest in Jiangsu Hailan Marine Systems Technology (JHMST) - is made through its wholly-owned subsidiary, Jiangsu New Yangzi Shipbuilding.
Following the disposal, JHMST will cease to be an associated company of Yangzijiang. The group said this will not have any significant impact on its earnings per share and net tangible assets per share for the current financial year ending Dec 31.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Vicom Q1 net profit up 1.3% to S$6.9 million
Sanofi inks US$1.2 billion vaccine licensing deal with Novavax
Hin Leong founder OK Lim found guilty of 3 criminal charges
Ford CFO Lawler to step down in early 2025
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share
GuocoLand sells its stake in Eco World International for S$61 million