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

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Raphael Lim

Raphael Lim

Published Thu, Apr 28, 2022 · 01:37 PM
    • Vincent Toe, CEO, Yangzijiang Financial Holding said the group's offshore investment will go from zero to 20 per cent of its portfolio by 2023.
    • Vincent Toe, CEO, Yangzijiang Financial Holding said the group's offshore investment will go from zero to 20 per cent of its portfolio by 2023. BT PHOTO: YEN MENG JIIN

    YANGZIJIANG FINANCIAL HOLDING (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.

    Yangzijiang ShipbuildingComfortDelGroIPO

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