Yangzijiang climbs 8% after CEO says chairman will soon return
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Singapore
SHARES of Yangzijiang Shipbuilding rose on Monday on hopes that the company's executive chairman Ren Yuanlin may return soon to helm the group.
The counter surged as much as 10 per cent or 10 cents to S$1.10 from the opening bell and stayed buoyant throughout the day as investors drew confidence from the latest development. It ended at S$1.08, up 8 per cent, with some 94.8 million shares changing hands, making it the most heavily traded by volume on the Singapore bourse for the day.
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