Home News Company in the news

Yangzijiang Financial Holding receives capital injection to bring NTA to $4.26 bil

The Edge Singapore
The Edge Singapore3/27/2022 05:11 PM GMT+08  • 2 min read
Yangzijiang Financial Holding receives capital injection to bring NTA to $4.26 bil
Yangzijiang's spin off of YZJFH is meant to help unlock value for shareholders / Yangjijiang
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.

Yangzijiang Financial Holding, the entity that will soon be spun off from Yangzijiang Shipbuilding (Holdings) for a separate listing, has received an injection of share capital bringing its initial NTA per share to $1.08.

This amount is based on YZJFH’s share capital of some $4.26 billion and a total base of 3.95 billion shares. YZJFH received its eligibility-to-list on March 25.

In contrast, Yangzijiang’s net asset value as at Dec 31 2021 was RMB9.16 ($1.95) per shares. Based on March 25 closing price of $1.46, it has a market value of $5.8 billion.

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.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now