On April 27, Yangzijiang Financial Holding Ltd. (hereinafter referred to as “Yangzijiang Financial”) announced that the company is exploring the possibility to spin off its maritime investments segment into a newly incorporated company that will be listed separately on the Mainboard of the Singapore Exchange (“SGX”). According to the announcement, Yangzijiang Financial intends to transfer its existing maritime investment business to a newly established subsidiary and proposes to list it on the main board of the Singapore Stock Exchange through introduction.
The proposed transaction involves transferring the Group’s maritime investments assets into a new entity (the “Spin-off Group”), to be listed by way of introduction (the “Proposed Spin-off and Listing”). The Spin-off Group will function as a dedicated maritime investment platform, focusing on unlocking value across the entire maritime 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, thereby generating sustainable long-term value for its shareholders.
Mr. Ren Yuanlin (“Mr. Ren”), a veteran of the global shipbuilding and maritime industry, is set to lead the Spin-off Group. Under Mr. Ren’s leadership, Yangzijiang Financial has built a strong track record in maritime investments, with revenue contribution more than doubling in FY2024.
In the meantime, the remaining group (“Legacy Group”) will continue its focus on funds, diversified asset management capabilities, and investment operations. Leveraging Singapore as a strategic hub, the entity is well-positioned to capture growth opportunities in Southeast Asia’s emerging investment landscape.
Accordingly, the Proposed Spin-off and Listing will allow for more efficient capital allocation, tailored to the differing strategies of each business. Operationally, each company group will benefit from greater agility, streamlined decision-making, and clearer governance. Both will be better equipped to pursue sector-specific partnerships, co-investments, and capital-raising initiatives.
“This is a natural evolution of our strategy,” said Mr. Ren, Executive Chairman and Chief Executive Officer of Yangzijiang Financial. “Our maritime business is ready to stand on its own, backed by strong fundamentals and a clear vision for expansion. By separating our maritime segment from Yangzijiang Financial’s investment platform, we will be better positioned to pursue focused growth while delivering enhanced value to shareholders.”
The Proposed Spin-off and Listing is currently at an exploratory stage. It is expected to proceed by way of introduction on the SGX, subject to regulatory, shareholder, and board approvals. Completion is targeted within 6 to 12 months.
The Group will be appointing SAC Capital Private Limited as financial adviser and issue manager for the Proposed Spin-off and Listing.