Yangzijiang Shipbuilding Completes Acquisition of 34% Equity Stake In Tsuneishi Group’s Shipbuilding Unit

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Yangzijiang Shipbuilding Completes Acquisition of 34% Equity Stake In Tsuneishi Group’s Shipbuilding Unit

Edge03-24

The acquisition, first announced last September, cost RMB833.1 mil and is funded from the group’s internal resources.Yangzijiang Shipbuilding has completed the capital injection for a 34% equity stake...

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Chris Tan
·03-27
Yangzijiang shipbuilding FY2025 will outperform FY2024 👍
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👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/418013381828656","repostId":2522862620,"repostType":2,"repost":{"id":"2522862620","kind":"highlight","pubTimestamp":1742782040,"share":"https://ttm.financial/m/news/2522862620?lang=en_US&edition=fundamental","pubTime":"2025-03-24 10:07","market":"hk","language":"en","title":"Yangzijiang Shipbuilding Completes Acquisition of 34% Equity Stake In Tsuneishi Group’s Shipbuilding Unit","url":"https://stock-news.laohu8.com/highlight/detail?id=2522862620","media":"Edge","summary":"The acquisition, first announced last September, cost RMB833.1 mil and is funded from the group’s internal resources.","content":"<div>\n<p>The acquisition, first announced last September, cost RMB833.1 mil and is funded from the group’s internal resources.Yangzijiang Shipbuilding has completed the capital injection for a 34% equity stake...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/deals-joint-ventures-alliances/yangzijiang-shipbuilding-completes-acquisition-34-equity-stake?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Yangzijiang Shipbuilding Completes Acquisition of 34% Equity Stake In Tsuneishi Group’s Shipbuilding Unit</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYangzijiang Shipbuilding Completes Acquisition of 34% Equity Stake In Tsuneishi Group’s Shipbuilding Unit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-03-24 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/deals-joint-ventures-alliances/yangzijiang-shipbuilding-completes-acquisition-34-equity-stake?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Edge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The acquisition, first announced last September, cost RMB833.1 mil and is funded from the group’s internal resources.Yangzijiang Shipbuilding has completed the capital injection for a 34% equity stake...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/deals-joint-ventures-alliances/yangzijiang-shipbuilding-completes-acquisition-34-equity-stake?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","LU0516422440.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"A\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK6088":"石油天然气设备与服务","LU0516423174.USD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (USD) ACC","SG9999004360.SGD":"Nikko AM Shenton Thrift 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company a 34% owned associate.Prior to the acquisition, TZS was a wholly owned subsidiary of Tsuneishi Holdings. The acquisition was first announced on Sept 12, 2024, for a purchase consideration of RMB833.1 million ($153.62 million), based on a willing-seller, willing-buyer agreement. The purchase was set to be wholly satisfied in cash and to be funded from the group’s internal resources. Yangzijiang’s chairman and CEO Ren Letian said that this acquisition will bring together the two company’s strengths in research and development, shipbuilding and supply chains. Shares in Yangzijiang Shipbuilding closed 7 cents lower or 2.834% down at $2.40 on March 24.","news_type":1,"symbols_score_info":{"BS6.SI":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}