Yangzijiang Shipbuilding

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

YZJ Maritime is expected to list on the SGX mainboard by way of an introduction.
HOCK LOCK SIEW

YZJ Financial right to spin off maritime assets

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

In September, Yangzijiang Shipbuilding said three of its subsidiaries had cancelled shipbuilding contracts worth around US$180 million with an unnamed buyer.
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Yangzijiang Shipbuilding falls 2.9% after BlackRock sells 37.8 million shares

The asset manager is no longer a substantial shareholder of the shipbuilder

Yangzijiang (above) builds its ships entirely in China, while ASL’s shipbuilding facilities are spread across Singapore, Indonesia and China.
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ASL Marine jumps 2.3% after share placement; Yangzijiang Shipbuilding falls 4.3% over port fees spat

The shipbuilders are subject to contrasting investor views on their fortunes

As at 11.58 am, the counter hit an intraday low of S$3.06, with around 31.7 million shares traded. This was 6.7% or S$0.22 down from Friday’s closing price of S$3.28.
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Yangzijiang Shipbuilding closes 1.5% lower on cancellation of US$180 million in contracts

It terminated shipbuilding contracts with an unnamed buyer whose sole shareholder is allegedly involved in evading US sanctions, laws and regulations

Yangzijiang's three subsidiaries have since determined that the unknown buyer is in anticipatory repudiatory breach of the contracts.

Yangzijiang Shipbuilding terminates US$180 million worth of contracts as buyer allegedly circumvents US sanctions

The shipbuilder, meanwhile, secures new contracts for eight vessels with an aggregate value of US$440 million

Yangzijiang Shipbuilding has secured orders with an aggregate value of nearly US$1.5 billion in the year to date.
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Yangzijiang Shipbuilding soars 6.5% on the back of new orders worth US$920 million

The company secures additional shipbuilding contracts for 22 vessels

The counter jumped S$0.27 to S$2.90 as at 9.27 am on Thursday, having closed at S$2.63 on Wednesday.
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Yangzijiang Shipbuilding soars 11% after posting record high net profit

It had posted a record-high net profit of 4.2 billion yuan (S$752.6 million), up 36.7% from the first half of 2024

The jump in net profit comes despite a 1.3% year-on-year drop in revenue.

Yangzijiang Shipbuilding posts record earnings of 4.2 billion yuan for H1

The group’s net profit margin is up to 32.5%, from 23.4% for the year-ago period