Yangzijiang Financial eyes separate listing for maritime unit

A new entity will be formed, focusing on maritime ventures.

Yangzijiang Financial Holding Ltd. is exploring forming a separate listed company that will handle its investments in the maritime industry.

In a bourse filing, the company said the proposal involves transferring its maritime investment assets into a “Spin-off Group.” This will be a dedicated maritime investment platform, focusing on unlocking value across the entire value chain. 

“From finance leasing and brokerage services to broader investment participation, the Spin-off Group aims to capitalise on its expertise in both shipbuilding and investment to proactively capture high-growth opportunities in the maritime industry,” Yangzijiang Financial said.

Yangzijiang Financial Executive Chairman and CEO Ren Yuanlin will lead the Spinoff Group.

If this pushes through, Yangzijiang Financial said the spin-off group and listing will allow for more efficient capital allocation. 

“By separating our maritime segment from Yangzijiang Financial’s investment platform, we will be better positioned to pursue focused growth whilst delivering enhanced value to shareholders,” Yuanlin said.

Yangzijiang Financial noted that the proposal is still at an exploratory stage, and it plans to complete this within 6 to 12 months. It is expected to proceed by way of introduction on the Singapore Exchange, subject to necessary approvals. 

SAC Capital Private Limited will be appointed as the financial adviser and issue manager for the Proposed Spin-off and Listing.