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YZJ Maritime
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YZJ Maritime
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HVRRVH
Elite |
17-Nov-2025 16:07
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The company has already made announcement via SGXNet on the confirmation of listing. Some holders already confirmed the receipt of their YZJM shares in CDP. More announcements should be coming with regard to total number of shares as well as number of shares placed to placees. I still harbour the hope of rights issue, let' s see! |
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HVRRVH
Elite |
09-Nov-2025 12:51
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It seems that SJ is indicating that the trading symbol as ' YZ8' . Not sure this will be the case but the stock is schedeuled to list on 18.11.25 after spin off from YZJF. So far, what is known is NAV of $0.58 and private placement of $0.60. Previously in conjunction with the spin off, the management announced that there will be a private placement to raise $250m, further to this announcement, during the spin off EGM, the management mentioned that the placement is aim to meet SGX' s conditions and in fact, the company has enough cash and if they wants to raise cash, they prefer rights issue at attractive price to reward shareholders who stay with them from YZJF to YZJM. There was even a mention of 10 shares for 2 rights to raise $140m but the emphasis that this is not guarantee. Indeed, the company eventually set private placement at $0.60 and raised $5.2m with net proceed of $2.2m. So far, it is silent on rights issue but it would be hard to imagine that old Ren left it like that. Technically, YZJM can call for trading halt on 18.11.25 before the market open and announce the rights issue news. This is my guess but doing so would cause the absent of discovery of market price before the rights issue. I am not sure whether there will be a rights issue and if there is, how would the management proceed with it. Personally I hope there is a rights issue to accumulate more shares at cheaper price. |
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