In conjunction with the introduction, Yangzijiang Maritime successfully raised gross proceeds of approximately $5.2 million via a private placement of 8,638,000 shares at the placement price. SAC Capital and China International Capital Corporation (Singapore) are the joint placement agents for the private placement.
Based on the closing price the market capitalisation of Yangzijiang Maritime is approximately $2.34 billion.
“We are extremely proud to celebrate the successful listing of Yangzijiang Maritime on SGX today, which marks our third SGX-listed entity and a defining milestone in Yangzijiang’s growth journey," says Ren Yuanlin, executive chairman and CEO of Yangzijiang Maritime.
