Yangzijiang Financial places S$139.3 million in treasury shares for maritime investments
It says this is in line with its strategy to capitalise on industry tailwinds driven by increasing decarbonisation Yangzijiang Financial has raised net cash proceeds of S$139.3 million through a placement of its treasury shares, to redeploy them for maritime investments. In a bourse filing on Sunday (Mar 30), the financial arm of Yangzijiang Shipbuilding said that it agreed to divest its entire treasury shareholding of 193.5 million shares at S$0.72 apiece.The price represents a 111 per cent premium to its average buyback cost, but a 9.7 per cent discount...



