Yangzijiang Financial Incorporates Subsidiary; Shares Up 4%

MT Newswires07-02

Yangzijiang Financial (SGX:YF8) said that its proposed spin-off company, YZJ Maritime Development, was incorporated as a wholly owned subsidiary in Singapore, according to a Wednesday filing with the Singapore Exchange.

Meanwhile, the SGX-ST has said that the company's proposed spin-off and listing will not amount to a chain listing.

Shares of the company were up over 4% in recent trading.

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