Yangzijiang Shipbuilding (Holdings) ( (SG:BS6) ) has shared an update.
Yangzijiang Shipbuilding (Holdings) Ltd. announced that an arbitration tribunal in London has issued ten Partial Arbitration Awards related to ten shipbuilding contracts. The tribunal did not uphold the majority of the claims against Yangzijiang’s subsidiaries, except for a potential refund claim of USD3.32 million. The arbitration is not expected to have a significant adverse effect on the company’s financial position for the year ending December 2025. The company is working with legal advisors to determine the next steps and will keep shareholders informed of any material updates.
More about Yangzijiang Shipbuilding (Holdings)
Yangzijiang Shipbuilding (Holdings) Ltd. is a Singapore-incorporated company operating in the shipbuilding industry. It focuses on the construction of various types of vessels and has several wholly-owned subsidiaries involved in marine import and export, as well as shipbuilding activities.
YTD Price Performance: -18.71%
Average Trading Volume: 16,274
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.96B
For detailed information about BS6 stock, go to TipRanks’ Stock Analysis page.