Link: https://links.sgx.com/1.0.0/corporate-announcements/X27SJ6UJIZL3KDI5/276e3873d7653fcd88722b3c29074a7b9689e12cb8c0d37925d1ec9620301857

Summary:

• Shares of Yangzijiang Maritime closed at S$0.67 on debut, up 11.7% from the placement price of S$0.60; intraday high reached S$0.71 (up 18.3%).

• Market capitalization at close stands at approximately S$2.34 billion, with about 58 million shares traded on the first day.

• Company intends to recommend dividends of at least 40% of FY2025 net profit after tax to shareholders.

• The debut follows a spin-off from Yangzijiang Financial Holding Ltd. and a successful private placement raising S$5.2 million.

• Executive Chairman and CEO Ren Yuanlin called the milestone Yangzijiang’s “third SGX-listed entity” and emphasized focus on maritime investment and global industry leadership.

• SAC Capital Private Limited served as the issue manager; iCapital Holdings (SG) Pte. Ltd. was listing consultant.

• Yangzijiang Maritime positions itself as a strategic hub for shipyards, shipowners, charterers, and capital markets, with ambitions for sustained, long-term growth.