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Yangzijiang shareholders to receive spin-off shares proportionally in the form of dividend in specie

Khairani Afifi Noordin
Khairani Afifi Noordin12/8/2021 10:45 PM GMT+08  • 1 min read
Yangzijiang shareholders to receive spin-off shares proportionally in the form of dividend in specie
The company also reveals its plan to list the spin-off on the Singapore Exchange mainboard.
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Yangzijiang Shipbuilding’s shareholders will receive shares of its proposed spin-off proportionally in the form of dividend in specie, subjected to the successful completion of the spin-off and listing, the company said in an update.

The company also revealed its plan to list the spin-off on the Singapore Exchange mainboard.

Yangzijiang announced plans to spin-off its investment business for its separate listing on Nov 29, leaving the core shipbuilding business.

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