The Business Times

Yangzijiang Maritime

Companies & Markets

Yangzijiang Maritime Development gets shareholder approval for share buyback at EGM

The group will purchase up to 10% of all its issued shares

Higher operating and listing-related expenses, as well as allowances for finance lease receivables, weigh on earnings in H2.
Companies & Markets

Yangzijiang Maritime’s H2 profit dips 1% to US$66.2 million in first results after spin-off

For the full year, its earnings decline 5% to US$129.7 million

The proposed share buyback is part of YZJ Maritime's efforts to focus on capital allocation.
Companies & Markets

Yangzijiang Maritime to hold EGM on Mar 6 on proposed share buyback

If approved by shareholders, the company can acquire up to 10% of its total issued shares

Yangzijiang Maritime is a spinoff from Yangzijiang Financial’s maritime investment segment.
Companies & Markets

YZJ Maritime proposes up to 10% share buyback as part of capital management plans

CEO hopes scheme can reward long-term shareholders, support liquidity

The latest newbuilding orders comprise of six firm orders with an option for another 10 vessels.
Companies & Markets

YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push

The orders are placed with three Chinese shipyards

The counter reached the early intra-day high at 9.03 am but soon gave up some gains to S$0.685 at 9.18 am, with 21.8 million shares transacted.
Companies & Markets

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

It has raised gross proceeds of at least S$5.2 million via a private placement of around 8.6 million fully paid ordinary shares

The spin-off from Yangzijiang Financial’s maritime investment segment will list on the Singapore Exchange mainboard on Nov 18.
Companies & Markets

Yangzijiang Maritime inks fresh vessel deals ahead of mainboard debut

It also signs letters of intent for joint ventures to build new tankers, bulk carriers

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