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Yangzijiang Maritime opens at 66 cents in SGX debut for $2.15b market cap
The Straits Times
|November 19, 2025
Yangzijiang (YZJ) Maritime Development opened at 66 cents on Nov 18 in its trading debut on the mainboard of the Singapore Exchange (SGX).
The stock then rose swiftly to 71 cents briefly before closing at 67 cents at the end of its first trading day.
Its opening price places the market capitalisation of the company at $2.15 billion, higher than an earlier projection of $2.04 billion.
YZJ Maritime was spun off from mainboard-listed YZJ Financial, with shareholders receiving units in the new company on a one-for-one basis.
YZJ Maritime also raised gross proceeds of at least $5.2 million through a private placement of some 8.6 million shares at 60 cents each.
Dit verhaal komt uit de November 19, 2025-editie van The Straits Times.
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