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Can management changes help YZJ Financial realise value?

Raphael Lim

Raphael Lim

Published Tue, Nov 14, 2023 · 05:00 AM
    • Vincent Toe, CEO of Yangzijiang Financial, will be leaving the company in April 2024.
    • Vincent Toe, CEO of Yangzijiang Financial, will be leaving the company in April 2024. PHOTO: BT FILE

    SOMETHING appears to be brewing at Yangzijiang Financial (YZJ Financial).

    The investment management company hit an all-time low last month, shortly after it announced that chief executive officer (CEO) Vincent Toe would leave the company next April.

    The counter slipped to S$0.295 on Oct 26, closing below S$0.30 for the first time since it was spun off from Straits Times Index (STI) constituent Yangzijiang Shipbuilding (YZJ Shipbuilding) in April 2022.

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