Yangzijiang Financial Holding Ltd said its spin-off unit, Yangzijiang Maritime Development Ltd, will start trading on the Main Board of the Singapore Exchange at 9:00 a.m. on Nov, 18 2025 via an introduction.
Yangzijiang Maritime has signed placement agreements with SAC Capital Private Limited and China International Capital Corporation (Singapore) Pte. Limited to sell up to 8.638 million shares at 0.60 Singapore dollars each, raising no less than about 5.2 million Singapore dollars. Roughly 2.8 million Singapore dollars of the proceeds are earmarked for working capital.
Based on its unaudited net asset value, Yangzijiang Maritime’s market capitalisation is expected to be about 2.0 billion Singapore dollars upon completion of the distribution and placement. SAC Capital is the issue manager, while iCapital Holdings (SG) Pte. Ltd. acts as listing consultant.
Key dates include a books closure on Nov, 11 2025 at 5:00 p.m. and the crediting of Yangzijiang Maritime shares to entitled shareholders by Nov, 17 2025, subject to final Singapore Exchange approval.
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