Yangzijiang Financial

No dividend is declared for FY2025, compared with a final dividend of S$0.0345 in the previous year

The group expects to post losses for its second half and full year due to the recognition of substantial credit loss allowances

This follows a reassessment to reflect updated credit risk profiles in China’s markets

YZJ Maritime is a spin-off of YZJ Financial and is scheduled to be listed on the mainboard this month

Subsidiary Jiangsu New Yangzi Commerce & Trading and two strategic investors fail to secure approval from Ningbo Shanshan’s creditors

After birthing YZJ Maritime, YZJ Financial could move more aggressively in interesting new directions

It expects a market capitalisation of S$2.04 billion upon completion of the distribution and placement

Their replacements have also been announced

It also discloses that it has further capitalised some US$1.5 billion of receivables from its maritime investment segment