Yangzijiang Maritime hits S$0.71 in active trading debut; ahead of issue price of S$0.60

[SINGAPORE] Shares of Yangzijiang (YZJ) Maritime on Tuesday (Nov 18) morning reached S$0.71, up by over 18 per cent, with its debut on the mainboard of the Singapore Exchange.

The counter reached the early intra-day high at 9.03 am but soon gave up some gains to S$0.68 as at the midday trading break, still trading 13.3 per cent higher, with 40.3 million shares transacted.

The company is a spin-off from the maritime investment segment of YZJ Financial, similar to how YZJ Financial was spun out of YZJ Shipbuilding in 2022.

Shares of YZJ Financial dipped 4.9 per cent or S$0.025 to $0.49 at midday, after around 24.8 million securities were transacted.

YZJ Maritime raised gross proceeds of at least S$5.2 million via a private placement of around 8.6 million fully paid ordinary shares at S$0.60 apiece. Its parent company issued to its shareholders shares in YZJ Maritime on a one-for-one basis.

As at Jun 30, YZJ Maritime had a net asset value of over US$1.57 billion, where the company recorded earnings of US$63.54 million for H1 2025, compared with US$68.91 million for the same period a year prior.

The maritime-focused investment company has core businesses in maritime asset investments and ship financing. It also invests in vessels for charter and sale via joint ventures and leasing models.

On Monday, YZJ Maritime also announced that it had inked various vessel deals, as part of its ongoing portfolio optimisation strategy, on top of capital recycling.

This included contracts with a Marshall Islands-based shipowner for the sale of four new medium-range tankers with an aggregate gross value of US$180 million.

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It also involved letters of intent for joint ventures to build four new medium-range tankers of 49,800 deadweight tonnage (dwt) with a European shipowner; and for four new bulk carriers of some 40,000 dwt with a Singapore-based shipowner.