Yangzijiang Financial incorporates Yangzijiang Maritime as subsidiary

The company owns 100% of the share capital.

Yangzijiang (YZJ) Financial Holding Ltd. has announced the incorporation of its maritime investments unit as a wholly-owned subsidiary.

In a bourse filing, YZJ Financial said Yangzijiang Maritime Development Pte. Ltd. will have a paid-up capital of $100.00, comprising 100 ordinary shares issued at $1.00 per share.

YZJ Financial earlier said it is considering to spin-off the maritime investments segment into a new company and listing it on the Singapore Exchange.

YZJ Maritime is currently a holding company, with YZJ Financial holding 100% of its share capital.

“The incorporation of YZJ Maritime was funded by internal resources and is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the current financial year ending 31 December 2025,” the company said.