Yangzijiang shareholders ok spin-off of investment arm
Following approval, the spin-off will be listed in SGX.
Shareholders of Yangzijiang Shipbuilding have approved the proposed spin-off of its investment segment.
The approval was disclosed on 18 April via a bourse filing.
Following the go signal from shareholders, its newly incorporated company, Yangzijiang Financial Holdings (YZJFH) will be listed on the mainboard Singapore Stock Exchange.
Read more: Yangzijiang eyes SGX-listing of spin-off by end-April