Yangzijiang Maritime Development was listed on the Singapore Stock Exchange on Tuesday morning, marking a significant milestone as a spin-off from Yangzijiang Financial Holding Ltd, an investment manager backed by Yangzijiang Shipbuilding Holdings.
SGX Securities has announced the listing of Yangzijiang Maritime Development Ltd. on its mainboard on Nov. 18 under the stock code “8YZ”.
Yangzijiang Maritime Development Ltd. (YZJ Maritime Development), incorporated in Singapore, is a maritime-focused investment company with core businesses in maritime asset investments, ship financing and related services.
Through joint ventures and leasing models, the company invests in vessels for charter and sale, while also offering financing solutions such as sale-and-leasebacks, pre-delivery loans, and secured loans.
Complementing its portfolio are shipbroking and agency services, leveraging deep industry networks to support shipbuilders and operators globally.
The company was spun off from Yangzijiang Financial Holding as part of a strategic restructuring to sharpen its investment focus.
Ren Yuanlin, executive chairman and chief executive officer, Yangzijiang Maritime Development Ltd., said: “The successful listing of our third company, Yangzijiang Maritime, on SGX marks another important milestone in our Group’s growth journey and reinforces our commitment to building globally competitive enterprises.
“As global trade evolves and the maritime industry advances toward greater sustainability and innovation, we see tremendous growth opportunities for Yangzijiang Maritime. This milestone reflects our vision in the potential of our maritime platform, as we continue to create long-term value and work toward sustainable and transformative growth.”
Pol de Win, head of global sales and origination, SGX Group, noted: “We are delighted to welcome Yangzijiang Maritime Development Ltd. to SGX. Yangzijiang Shipbuilding first came to our market in 2007, becoming one of China’s largest private shipbuilders and a pioneer in cross-border listings. This was followed by Yangzijiang Financial Holdings in 2022 which was spun off from the shipbuilding business.
“Today’s listing reflects how companies can continue to evolve and build new success stories on our platform. As Singapore strengthens its position as a leading international maritime hub, this listing adds depth to your ecosystem and opens new opportunities for the company and investors alike.”
Yangzijiang Maritime Development Ltd. opened at S$0.66 on Tuesday, Nov. 18.
