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An announcement from Yangzijiang Financial Holding Ltd. ( (SG:YF8) ) is now available.
Yangzijiang Financial Holding Ltd. has announced the incorporation of a new subsidiary, Yangzijiang Maritime Development Pte. Ltd., as part of a strategic move to spin off its maritime investments segment. This newly formed entity is wholly owned by the company and will serve as a holding company, with its establishment funded by internal resources. The spin-off aims to list the new company on the Main Board of the SGX-ST, which is expected to enhance the company’s focus on maritime investments without impacting its current financial metrics.
More about Yangzijiang Financial Holding Ltd.
Yangzijiang Financial Holding Ltd., incorporated in Singapore, operates in the financial sector with a focus on maritime investments. The company is engaged in managing and developing financial assets, particularly in the maritime industry.
Average Trading Volume: 16,572,191
Technical Sentiment Signal: Buy
Current Market Cap: S$2.54B
See more insights into YF8 stock on TipRanks’ Stock Analysis page.