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)$
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