Yangzijiang

[winston]

YANGZIJIANG SHIPBUILDING - Yangzijiang said on Wednesday its second quarter net profit rose 32 percent to 800 million yuan ($118.1 million) from a year ago mainly due to the increased productivity from its new yard with more vessels delivered.

[winston]

Shares of Singapore-listed Chinese shipbuilder Yangzijiang rose as much as 2.7 percent to S$1.52 on Monday on expectations it may announce details of a dual listing in Taiwan soon.


Source: Reuters

[kennynah]

how will dual listing increase its shares value?? i'm trying to understand the logic behind this phenomenon... bcos if it could, i would suggest that every listed company list in all exchanges on this planet... why bother to increase bottomline, profits, etc, when listing is sufficient to increase their stocks value....

[winston]

If the PE is Singapore is say 4 and if they can get a PE in Taiwan or HK of say 12, the shareholder's get more by selling shares in Taiwan or HK.

And if the situatiuon continues, they will delist from Singapore and just list in Taiwan or HK.

You probably have seen it happen to a few companies already eg. Want Want.

And if you are a BB, you can arbitrage eg. short in HK and buy in Singapore. However, you will only make when one day, they actually delist from Singapore.

[kennynah]

very clever people...too smart for me to handle..

i best just go to my little kopitiam corner and have my kopi-o gao siew dai.... and marvel at the clouds in the sky....

[kennynah]

very clever people...too smart for me to handle..

i best just go to my little kopitiam corner and have my kopi-o gao siew dai.... and marvel at the clouds in the sky....

[winston]

Yangzijiang Shipbuilding , a Singapore-listed Chinese shipbuilding firm, may be in focus after it said planned to raise as much as T$4.56 billion ($143 million) in a dual listing in Taiwan, making it the first Chinese firm to sell shares on the island.

Source: Reuters

[Aspellian]

Yangzijiang Shipbuilding , a Singapore-listed Chinese shipbuilding firm, may be in focus after it said planned to raise as much as T$4.56 billion ($143 million) in a dual listing in Taiwan, making it the first Chinese firm to sell shares on the island.

Source: Reuters

hmmm... S$143million seems like a very small amount for the industry YZJ is in. its probably more for the exposure then anything else. How will investors bite?

not vested

[winston]

=DJ UPDATE: Yangzijiang Shipbuilding To Raise Up To NT$4.56 Bln Via TDRs

TAIPEI (Dow Jones)--Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SG) plans to raise up to NT$4.56 billion (US$143 million) by listing depositary receipts in Taiwan on Sept. 8, making it the first mainland-based Chinese company to be listed on the island, the deal's main underwriter, SinoPac Securities, said Thursday.

Yangzijiang Shipbuilding is registered in Singapore and its shares trade on the city's stock exchange, but its core holdings are in China, including Jiangsu Yangzijiang Shipbuilding Ltd. and Jiangsu New Yangzi Shipbuilding Ltd.

The price range of the offering is NT$17-NT$19 each and the securities will be sold Thursday through Tuesday, said Herrick Chang, an underwriter from SinoPac Securities.

The TDR sale and listing comes amid warming economic ties between China and Taiwan following the signing of the Economic Cooperation Framework Agreement, a wide-ranging trade pact that will lower tariffs on hundreds of cross-strait goods and paves the way for more bilateral agreements on economic liberalization.

Yangzijiang Shipbuilding plans to issue 240 million TDRs, representing 120 million of the company's shares, to raise between NT$4.08 billion and NT$4.56 billion, according to the prospectus for the offering issued Wednesday.

The company had an unaudited first-half net profit of CNY1.39 billion, up 27% from CNY1.09 billion in the same period a year earlier, according to its financial statement for the period. Revenue rose 25% to CNY5.75 billion from CNY4.59 billion.

Source: J.R. Wu, Dow Jones Newswires

[winston]

Singapore-listed shipbuilder Yangzijiang Shipbuilding may be in focus after it said it had won 28 shipbuilding contracts worth $915 million.


Source: Reuters