The Business Times

Yangzijiang Maritime

Companies & Markets
BROKER’S TAKE

DBS initiates ‘buy’ on Yangzijiang Maritime, citing investments, shipbuilding opportunities

The brokerage’s target price of S$0.88 represents a 63% upside from the group’s closing price on Apr 7

Ren Yuanlin is a substantial shareholder in Yangzijiang Maritime, Yangzijiang Financial and Yangzijiang Shipbuilding.
Companies & Markets

‘No definitive decision’ made for YZJ Maritime to pursue capital market activities in Hong Kong: CEO

Yangzijiang Shipbuilding also says it has no plans for equity fundraising transactions outside Singapore

Shareholders with a shareholding of 1.6 billion at Yangzijiang Maritime voted in favour of the buyback resolution.
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

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More