Yangzijiang Maritime Development subscribes RMB 37.25 million for minority stakes in three PRC associates

Reuters02-28 21:20

Yangzijiang Maritime Development subscribes RMB 37.25 million for minority stakes in three PRC associates

Yangzijiang Maritime Development Ltd. said its wholly owned PRC subsidiary, Jiangsu New Yangchuan Maritime Development Co., Ltd., subscribed for minority equity interests in three newly incorporated PRC associates via fully paid capital contributions funded by internal resources. The group invested RMB 16.0 million for a 20 percent stake in Jiangxi Tongdu Green Shipping Technology Co., Ltd., RMB 3.75 million for a 15 percent stake in Jiangsu Yangzi Lanfeng Offshore Engineering Co., Ltd., and RMB 17.5 million for a 35 percent stake in Jiangxi Pi Shipping Technology Development Co., Ltd., with all three companies engaged in maritime-related business. The company said the investments are not expected to have a significant impact on FY2025 earnings per share or net tangible assets per share.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yangzijiang Maritime Development Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: JJR1MW58JK4DW2M5) on February 28, 2026, and is solely responsible for the information contained therein.

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The group invested RMB 16.0 million for a 20 percent stake in Jiangxi Tongdu Green Shipping Technology Co., Ltd., RMB 3.75 million for a 15 percent stake in Jiangsu Yangzi Lanfeng Offshore Engineering Co., Ltd., and RMB 17.5 million for a 35 percent stake in Jiangxi Pi Shipping Technology Development Co., Ltd., with all three companies engaged in maritime-related business. The company said the investments are not expected to have a significant impact on FY2025 earnings per share or net tangible assets per share.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Yangzijiang Maritime Development Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. 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