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Hot stocks: Yangzijiang counters pulled in opposing directions amid heavy volumes

Both companies are the top two most actively traded names on the SGX

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Michelle Zhu

Michelle Zhu

Published Fri, Sep 27, 2024 · 12:07 PM
    • Yangzjiang Shipbuilding is planning to acquire a 34 per cent stake in a Chinese subsidiary of Japanese shipbuilder Tsuneishi Group.
    • Yangzjiang Shipbuilding is planning to acquire a 34 per cent stake in a Chinese subsidiary of Japanese shipbuilder Tsuneishi Group. PHOTO: YANGZIJIANG SHIPBUILDING

    SHARES of Yangzijiang Shipbuilding and its listed subsidiary Yangzjiang Financial were trading divergently as shares of both counters were heavily transacted by volume on Friday (Sep 27) morning.

    As at 10.55 am, index counter Yangzijiang Shipbuilding fell S$0.17 or 6.3 per cent to S$2.51 after 26.8 million securities changed hands.

    The group’s last public announcement made on the Singapore Exchange (SGX) took place on Sep 12, regarding its planned acquisition of a 34 per cent stake in a Chinese subsidiary of Japanese shipbuilder, Tsuneishi Group, for 833.1 million yuan (S$152.6 million).

    Hot StockYangzijiang ShipbuildingYangzijiang Financial

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