YZJ Shipbuilding chairman donates 150m shares to set up senior mgt trust
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Tay Peck Gek
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Singapore
YANGZIJIANG Shipbuilding's executive chairman Ren Yuanlin has donated 150 million of his shares to a newly established trust to reward the China-based company's senior management.
The shares account for 3.8 per cent of the Singapore mainboard-listed shipbuilder's total issued voting shares. Going by the closing price of S$1.61 on Friday, these shares are worth S$241.5 million.
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