cheezzy
2022-04-06

Yangzijiang Shipbuilding's shareholders set to vote on spinning off fund management arm for an SGX listing.

The spin-off is expected to have a market capitalization of S$4.26 billion ($3.14 billion) after the planned listing, a company filing said.

By separating the shipbuilding business from the investment business, the proposed spin-off will enable the market to accord an appropriate value to each of the principal businesses currently held within the group, based on their respective performance and growth potential,» Yangzijiang Shipbuilding said.$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
1