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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
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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.

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