The latest update is out from Yangzijiang Financial Holding Ltd. ( (SG:YF8) ).
Yangzijiang Financial Holding Ltd. announced the proposed sale of its entire treasury shares, totaling 193,527,600 shares, to Merlion Quay Capital Ltd. and Operie Capital Ltd. at a discounted price of S$0.72 per share. This transaction, valued at S$139,339,872, represents approximately 5.27% of the company’s total issued shares and is expected to complete by June 26, 2025. The sale aims to enhance the company’s capital structure and potentially improve its market positioning.
More about Yangzijiang Financial Holding Ltd.
Yangzijiang Financial Holding Ltd. is a company incorporated in Singapore, operating within the financial industry. The company, along with its subsidiaries, focuses on financial services and investments.
YTD Price Performance: 89.29%
Average Trading Volume: 28,555,470
Technical Sentiment Signal: Sell
Current Market Cap: S$2.79B
Learn more about YF8 stock on TipRanks’ Stock Analysis page.