Yangzijiang spin-off gets shareholder nod, to list on Apr 28 as STI constituent

YANGZIJIANG Shipbuilding's proposed spin-off of its investment segment has been "overwhelmingly approved" by shareholders with an approval rate of 100 per cent, announced the group on Wednesday (Apr 20).

Yangzijiang Financial Holding (YZJFH) will therefore proceed to list on the Singapore Exchange under the ticker symbol "YF8" at 1 pm on Apr 28.

On the same day, YZJFH will be added to the Straits Times Index (STI) with the same investable weight as Yangzijiang Shipbuilding. It will also be added to the FTSE ST Mid Cap Index, FTSE ST China Index and FTSE ST All-Share Index.