Yangzijiang's largest shareholder sees spin-off helping shipbuilder, offshoot get fair valuations
THE spin-off of Yangzijiang Shipbuilding (Holdings)' : BS6 0% investment segment might be taking place at a time when the stock market is volatile, but the shipbuilder’s honorary chairman and largest shareholder believes the move will help both entities to eventually achieve their fair valuations.
In an unusual way of listing that does not raise capital through a public offering or private placement, Yangzijiang Financial Holding (YZJFH) - the spun-off investment segment of Yangzijiang Shipbuilding - will debut on the Singapore Exchange mainboard by dividend in specie.
That is, shareholders of the …
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