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Yangzijiang Shipbuilding Holdings Ltd (YAZG.SI)

YAZG.SI on Stock Exchange of Singapore

1.13SGD
30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Yangzijiang Shipbuilding says unit subscribed for shares
Friday, 24 Mar 2017 05:49am EDT 

Yangzijiang Shipbuilding Holdings Ltd : Unit had subscribed for 30 pct equity interests in share capital of Jiangsu Nantong Yanhai Emerging Industrial Investment Fund .Subscription will not have any significant impact on EPS and net tangible assets per share of YZJ Group.  Full Article

Yangzijiang Shipbuilding reports qtrly net profit attributable RMB607.8 mln
Tuesday, 28 Feb 2017 12:24pm EST 

Yangzijiang Shipbuilding Holdings Ltd : Qtrly net profit attributable RMB 607.8 million versus RMB41.5 million; qtrly revenue RMB 5.51 billion versus RMB 3.13 billion . Group declared final dividend of 4 singapore cents, representing a dividend payout of 43% . Order growth is likely to recover in 2017 (on a low base of comparison) but orders to stay weak through 1H17 ."ship prices are projected to pick up in 2H17".  Full Article

Yangzijiang Shipbuilding unit subscribes for equity interests in Wuxi Jinrui Zhonghe Investment
Tuesday, 24 Jan 2017 04:27am EST 

Yangzijiang Shipbuilding Holdings Ltd : Unit had subscribed for 32.8 pct equity interests in share capital of Wuxi Jinrui Zhonghe Investment Enterprise . Deal for RMB196.8 million .Subscription will not have any significant impact on EPS and net tangible assets per share of YZJ Group for current fy ending 31 Dec 2017.  Full Article

Yangzijiang Shipbuilding Holdings disposes 20 pct equity interest
Monday, 5 Sep 2016 08:02pm EDT 

Yangzijiang Shipbuilding Holdings Ltd : Disposal of entire 20% equity interest in the registered capital of Jiangsu Hailan Marine Systems Technology Co., Ltd . The total consideration for the disposal is RMB29.5 million . Disposal will not have any significant impact on the earnings per share and net tangible assets per share .  Full Article

Yangzijiang Shipbuilding says PPL holdings and E-Interface Holdings entered into sale and purchase agreement
Tuesday, 23 Aug 2016 07:44am EDT 

Yangzijiang Shipbuilding Holdings Ltd : Disposal of interest in PPL Shipyard Pte Ltd) . The aggregate consideration for the disposal is US$115.1 million . Agreement to dispose of aggregate 15% equity interest in ppl shipyard owned by PPL holdings and E-Interface to Sembcorp Marine Ltd . PPL holdings pte ltd and E-Interface Holdings Limited entered into a sale and purchase agreement .  Full Article

Yangzijiang Shipbuilding posts 48 pct fall in second-quarter revenue
Thursday, 4 Aug 2016 08:50am EDT 

Yangzijiang Shipbuilding Holdings Ltd : Group reported revenue of RMB 3.0 bln for 2Q2016, 48% lower compared to 2Q2015 . Net profit attributable to shareholders RMB 415.4 million for three months ended 30 June 2016 . As at end of June, group had an outstanding order book of USD 4.7 billion . Continued to build up the order book, and remained profitable . Prime target now is to maintain the momentum for the order book growth . Will evaluate M&A opportunities that offer favourable return and accretive to core shipbuilding business for growth in long term .No dividend has been declared for the period under review.  Full Article

Yangzijiang Shipbuilding says unit entered agreement to establish investment holding company in Jiangsu, China
Monday, 27 Jun 2016 05:43am EDT 

Yangzijiang Shipbuilding Holdings Ltd : Subscription of the shares in Jiangsu non-state-owned Investment Holding Co., Ltd) . Jysco will invest a total of RMB 1 billion to subscribe for 11.63% equity interest in share capital of JNIHCO . Investment will not have any significant impact on the earnings per share of the YZJ Group for current financial year ending 31 December 2016. .  Full Article

Yangzijiang Shipbuilding (Holdings) Ltd enters into shipbuilding contracts
Monday, 2 Nov 2015 12:33pm EST 

Yangzijiang Shipbuilding (Holdings) Ltd:Entered into shipbuilding contracts for additional 12 vessels with a total contract value of $730 million, including four units of 11,800TEU containerships and four units of 3,800TEU containerships, two units of 1,900TEU containerships and two unit of 84,000CBM VLGC vessels.Contracts are scheduled for deliveries in year 2017 to 2018.  Full Article

Yangzijiang Shipbuilding (Holdings) Ltd disposes-off Jiangsu Hengyuan Real Estate
Tuesday, 4 Aug 2015 05:57am EDT 

Yangzijiang Shipbuilding (Holdings) Ltd:Says a disposal of 100 pct equity interest in registered capital of Jiangsu Hengyuan Real Estate and its units.Says total consideration for the disposal is 1 billion Yuan.  Full Article

Yangzijiang Shipbuilding (Holdings) Ltd announces disposal of investments and new investments; says incorporation of new unit
Thursday, 30 Jul 2015 06:38am EDT 

Yangzijiang Shipbuilding (Holdings) Ltd:Says completed a series of investments and disposals, to be in line with the Group’s strategy to divert its attention from the non-core businesses into the core shipbuilding and related businesses.Says disposal of entire 40% equity interest in the registered capital of Jiangsu Zhuoran Yangzijiang Energy Equipment Co., Ltd.Says disposes the entire 40% equity interest in JZYEE at the consideration of 12,000,000 yuan at par as it would help to streamline the Group’s structure to control the overall administrative expenses effectively.Says acquisition of additional 24% equity interest in the capital of Jiangsu New Yangzi Gas Co., Ltd at a consideration of 12,600,000 yuan.Says Incorporation of Jiangsu Jiangyin-Jingjiang Industry Zone Barber-CS Marine Technology Co., Ltd.Says core business of JJBC is related to those of provision of detail and production design for wide range of merchant ships.Company shall through its wholly-owned subsidiary, JNYS, subscribe for 20% equity interest in the capital of Nanjing Saining Equity Investment Enterprise.  Full Article

More From Around the Web

China's Yangzijiang Shipbuilding plans 10 percent more job cuts in 2017

SINGAPORE China's Yangzijiang Shipbuilding Holdings Ltd plans to cut another 10 percent of its workforce in 2017, its executive chairman said, as the company seeks to ride out a prolonged downturn in the industry.