Yangzijiang Maritime closes 11.7% above issue price of S$0.60 in active trading debut

[SINGAPORE] Shares of Yangzijiang (YZJ) Maritime closed at S$0.67 on Tuesday (Nov 18) – 11.7 per cent above the issue price of S$0.60 per share – as the company debuted on the Singapore Exchange mainboard.

The counter rose to an intraday high of S$0.71 at 9.03 am, before paring some gains by market close. Some 58 million shares changed hands over the course of the day.

YZJ Maritime is a spinoff from the maritime investment segment of YZJ Financial. YZJ Financial itself was similarly spun out of YZJ Shipbuilding in 2022.

Shares of YZJ Financial dipped 6.8 per cent or S$0.035 to $0.48 on Tuesday, with around 37.3 million securities transacted.

YZJ Maritime raised gross proceeds of at least S$5.2 million via a private placement of around 8.6 million fully paid ordinary shares at S$0.60 apiece. Its parent company issued to its shareholders shares in YZJ Maritime on a one-for-one basis. As at Jun 30, YZJ Maritime had a net asset value of over US$1.57 billion, where the company recorded earnings of US$63.54 million for H1 2025, compared with US$68.91 million for the same period a year prior.

The maritime-focused investment company has core businesses in maritime asset investments and ship financing. It also invests in vessels for charter and sale via joint ventures and leasing models.

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YZJ Maritime to make mainboard debut on Nov 18, looking to raise S$5.2 million through placement

On Monday, YZJ Maritime also announced that it had inked various vessel deals, as part of its ongoing portfolio optimisation strategy, on top of capital recycling. This included contracts with a Marshall Islands-based shipowner for the sale of four new medium-range tankers with an aggregate gross value of US$180 million.

It also involved letters of intent for joint ventures to build four new medium-range tankers of 49,800 deadweight tonnage (dwt) with a European shipowner; and for four new bulk carriers of some 40,000 dwt with a Singapore-based shipowner.