Yangzijiang Maritime: No HK listing plans at present

The company stated it remains "firmly committed to its listing on the SGX."

Yangzijiang Maritime has clarified that it has yet to make a final decision regarding a possible listing on the Hong Kong Stock Exchange.

The company issued the clarification after Tradewinds published an article citing an interview with Yangzijiang Maritime Executive Chairman and CEO Ren Yuanlin. In the report, the executive expressed interest in listing Yangzijiang Maritime and Yangzijiang Financial in Hong Kong, describing the Singapore stock market as “too small and moribund.”

“Ren would like to clarify that no definitive decision has been made for Yangzijiang Maritime to pursue such initiatives at this time, and the company remains firmly committed to its listing on the SGX,” Yangzijiang Maritime said in a disclosure.

In a separate bourse filing, Yangzijiang Shipbuilding also said that “it currently has no plans, proposals or discussions relating to any transaction.”

Ren also clarified that his “comments on the Singapore stock market were made in the context of a broader discussion on regional equity market dynamics and were not intended to detract from the longstanding support that the Company has received from the SGX and the broader Singapore capital markets community.”