Yangzijiang Financial to seek approval for maritime diversification at EGM
The company will hold the EGM on 31 May.
Yangzijiang Financial Holding scheduled an extraordinary general meeting on 31 May to approve the proposed diversification of the company and its subsidiaries to incorporate new businesses within the maritime industry.
The new business includes maritime services and business, loan services, and import and export business.
In a circular, Yangzijiang Financial stated that it is well-versed in the maritime industry, as its management team has extensive experience in this sector.
In August 2022, the group established a Maritime Fund. Since then, the fund's size has increased to US$600m.
Currently, Yangzijiang Financial's core business includes investment management, fund management, and wealth management.
The company will hold the EGM at Big Picture Theatre, Level 9, Capital Tower, at 3 pm.
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