Home News Property

Yanlord has no intention to 'intervene' to address 'persistent' discount off book value

The Edge Singapore
The Edge Singapore4/22/2022 02:32 PM GMT+08  • 2 min read
Yanlord has no intention to 'intervene' to address 'persistent' discount off book value
Yanlord's chairman and CEO Zhong Sheng Jian last bought shares in August last year / Albert Chua
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.

Yanlord Land Group, citing factors driven by the “marketplaces”, has no intention to “intervene” to address the gap between its share price and net asset value.

The China-based, Singapore-listed developer was responding to questions from shareholders ahead of its AGM on April 28, including one which asked if the company is planning any “restructuring initiative” to narrow the “persistent” discount off its NAV.

As at Dec 31 2021, the company’s NAV was RMB17.75 per share, or $3.38. Yanlord shares closed at $1.21 on April 21, up 8.04% year to date.

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