Yangzijiang Financial fails to sparkle on trading debut; ComfortDelGro likely to remain on STI

YANGZIJIANG FINANCIAL HOLDING : YF8 0% (YZJFH) closed its first day of trading on Thursday (Apr 28) at S$0.62 – representing a discount of nearly 43 per cent to its net tangible asset (NTA) per share of around S$1.08.

YZJFH had opened at a share price of S$0.69 as it made its trading debut on the Singapore Exchange (SGX) mainboard on Thursday afternoon.

About 170.1 million shares worth S$106.6 million were traded on its first day.

YZJFH was spun off from Straits Times Index (STI) constituent Yangzijiang Shipbuilding : BS6 0%. The spin-off and separate listing of the investment segment wa…

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