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

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

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