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Hot stock: Yangzijiang Shipbuilding up 7% on new China manufacturing base

The base will manufacture clean-energy ships

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Vivienne Tay

Vivienne Tay

Published Tue, Jul 16, 2024 · 12:53 PM
    • The group plans to invest around three billion yuan in capex over the next two years to complete this project.
    • The group plans to invest around three billion yuan in capex over the next two years to complete this project. PHOTO: YANGZIJIANG SHIPBUILDING

    SHARES of mainboard-listed Yangzijiang Shipbuilding rose as much as 7 per cent during the morning trading session on Tuesday (Jul 16), after the company announced plans to build a clean-energy ship manufacturing base on a piece of land in China it acquired.

    As of midday trading on Tuesday, the counter had reached a high of S$2.46, up S$0.16. It was among the top most traded by volume on the Singapore bourse at the time, with 22.9 million shares changing hands.

    Yangzijiang’s shares later closed 5.7 per cent or S$0.13 higher at S$2.43, with 33.9 million shares traded.

    Hot StockYangzijiang ShipbuildingChina

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