Home Capital Broker's Calls

Yangzijiang’s cash call is signal for M&As to come

PC Lee
PC Lee9/4/2017 04:13 PM GMT+08  • 2 min read
Yangzijiang’s cash call is signal for M&As to come
SINGAPORE (Sept 4): Yangzijiang Shipbuilding is selling 137 million new shares to institutional investors at $1.53 each in a private placement exercise.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 4): Yangzijiang Shipbuilding is selling 137 million new shares to institutional investors at $1.53 each in a private placement exercise.

In a flash note last Thursday, DBS Group Research says the placement price seems reasonable, representing 4.07% discount to the weighted average trading price on Aug 29 of $1.5949 per share and 1.18x FY17 book.

Post placement, Yangzijiang’s share capital will be enlarged by 3.6% to nearly 4 billion shares while book value per share is lifted to $1.32.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.