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Yangzijiang's directors say that proposed spin-off of investment business is "in the best interests of the company"

Amala Balakrishner
Amala Balakrishner4/1/2022 09:00 PM GMT+08  • 3 min read
Yangzijiang's directors say that proposed spin-off of investment business is "in the best interests of the company"
The directors recommend that shareholders vote in favour of the ordinary resolutions relating to the proposed spin-off at the EGM
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The directors of Yangzijiang Shipbuilding are seemingly in favour of the proposed spin-off of the group’s investment segment for a separate listing on the mainboard of the Singapore Exchange (SGX).

The proposed move is “in the best interests of the company,” the shipbuilder noted in a regulatory filing on Apr 1.

It added that the “directors recommend that shareholders vote in favour of the ordinary resolutions relating to the proposed spin-off” at the extraordinary general meeting on Apr 18.

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