SG brief: Yangzijiang Shipbuilding and Yangzijiang Financial

Singapore one-dollar bill, showing Chinese junk boatsSingapore one-dollar bill, showing Chinese junk boats

Yangzijiang Shipbuilding (Holdings) said Tuesday the Yangzijiang Financial Holdings (YZJFH) share entitlements due to overseas shareholders were sold in the market at S$0.41 to S$0.515 each over 17 May to 2 June.

The net proceeds from the sale of 4.65 million YZJFH shares came to around S$2.17 million, resulting in overseas shareholders of Yangzijiang Shipbuilding receiving S$0.4664 for every YZJFH share they were entitled to, the company said in a filing to SGX.