Yangzijiang Maritime
Yangzijiang Maritime adds 10 new vessels, pushing order book to 53
The newbuilds will be funded through a combination of equity co-investment and debt financing
Yangzijiang Maritime orders 8 giant oil tankers, sells 4 smaller vessels in twin deals
The acquisition will be funded through a combination of equity co-investment and debt financing
Yangzijiang Maritime secures US$89.8 million in leasing agreements for 13 vessels
CEO Ren Yuanlin cites the ‘tonnage-mile’ effect and a ‘vital’ fleet-renewal cycle as tailwinds
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
‘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
Yangzijiang Maritime Development gets shareholder approval for share buyback at EGM
The group will purchase up to 10% of all its issued shares
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
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
YZJ Maritime proposes up to 10% share buyback as part of capital management plans
CEO hopes scheme can reward long-term shareholders, support liquidity
YZJ Maritime invests in 16 new vessels amid maritime asset portfolio expansion push
The orders are placed with three Chinese shipyards
