The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

Yangzijiang Financial listing creates battle among smallest constituents to remain in the index

google-preferred-sourceAdd BT as a preferred source
Raphael Lim

Raphael Lim

Published Wed, Apr 27, 2022 · 05:50 AM
    • Immediately prior to the investment unit spin-off, YZJ Shipbuilding had a market capitalisation of around S$6.1 billion – ranking it as the 22nd-largest STI counter, according to Bloomberg data.
    • Immediately prior to the investment unit spin-off, YZJ Shipbuilding had a market capitalisation of around S$6.1 billion – ranking it as the 22nd-largest STI counter, according to Bloomberg data. PHOTO: YANGZIJIANG SHIPBUILDING

    THE 30-counter Straits Times Index (STI) is set for a shake-up later this week, with the smallest companies on the market barometer fighting to stay on the index.

    This has been triggered by index constituent Yangzijiang Shipbuilding (YZJ Shipbuilding), which is spinning off its investment arm into a separately listed entity.

    The shipbuilding segment remains in YZJ Shipbuilding while Yangzijiang Financial Holding (YZJFH) will list on Thursday (Apr 28).

    Hock Lock SiewYangzijiang ShipbuildingStraits Times IndexComfortDelGro

    TRENDING NOW

    An artist's impression of Pelican Paradise Group's township project that was designed to include a five-star convention hotel, an 18-hole championship golf course and a hospital, among others.

    Singapore developer in limbo after Timor-Leste scraps major township project

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    MAS will proceed with the proposals to enhance distribution safeguards that financial institutions must provide to enable investors to make informed decisions.

    MAS to remove mandatory financial advice for complex products for most retail investors

    State-level minimum purchase thresholds push foreign buyers towards higher-value properties, while consent rules and other restrictions further narrow the pool of homes available to them.

    That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think

    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