Yangzijiang hits 6-month high after capital injection into proposed spin-off
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SHARES of Yangzijiang Shipbuilding hit a 6-month high on Monday (Mar 28), after the shipbuilder announced it had increased the share capital of Yangzijiang Financial Holding (YZJFH) - the investment unit it is proposing to spin off.
Yangzijiang's counter jumped as much as 5.5 per cent during early morning trade, up S$0.08 to reach S$1.54 as at 9.48 am. The last time the counter closed near this level was Sep 15, 2021.
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