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Share placement news hits Yangzijiang shares

Chinese shipbuilder aiming to raise S$208.8m in net proceeds with new shares at S$1.53 each


YANGZIJIANG Shipbuilding is looking to raise net proceeds of S$208.8 million by placing out 137 million new shares at S$1.53 each to institutional and other investors.

Although the dilution is considered to be slight - with the placement shares representing about 3.5 per...