YZJ Fin Hldg    Last:0.24    +0.005

YZJFH - potentially rewarding

I hv a hard time following the story.... does it mean that YZJF will be at 60c as well on Monday or it has no impact?   

YibaoI      ( Date: 31-Oct-2025 23:21) Posted: This mean if I read correctly the private placement is only for yzjm after the spin off. At price of 0.6 meaning they expect maritime to be higher after the spin off? So no private placement affecting yzjfh

 

This mean if I read correctly the private placement is only for yzjm after the spin off. At price of 0.6 meaning they expect maritime to be higher after the spin off? So no private placement affecting yzjfh

 

Yes I believe this is good news. For cpf shares holder also no more headache. I believe most will continue to retain the shares long term. Dyodd As at the date of this Document, the Company is in the process of applying for the inclusion of its Shares under the Central Provident Fund (?CPF?) Investment Scheme (?CPFIS?). In the event that the Shares are not included under the CPFIS at the date of the Introduction, investors (?CPFIS Investors?) who have subscribed for or purchased ordinary shares in the issued share capital of YZJ Financial (the ?YZJ Financial Shares?) using their CPF account savings under the CPF Investment Scheme ? Ordinary Account (?CPF Funds?) and who are entitled to the Shares will still nonetheless receive their Shares under the Distribution and such Shares can be sold on the SGX-ST from the date of the Introduction. However, CPFIS investors will not be able to purchase the Shares using their CPF investment accounts until the Shares are included under the CPFIS. The Company will make an announcement on SGXNet once the Shares have been included in the CPFIS, or on the outcome of the application for inclusion, as the case may be. No further action is required by such CPFIS Investors in order to receive the Shares. In the case of YZJ Financial Shareholders who have purchased YZJ Financial Shares using their CPF Funds, entitlements to the Shares will be determined based on the number of YZJ Financial Shares standing to the credit of their respective investment accounts with the CPFIS Agent Banks as at the Book Closure Date (as defined herein). Following the Book Closure Date, The Central Depository (Pte) Limited (?CDP?) will credit the relevant securities account at the CPFIS Agent Banks with the relevant number of Shares. The respective CPFIS Agent Banks will notify the relevant YZJ Financial Shareholders of the credit and such YZJ Financial Shareholders are advised to consult their CPFIS Agent Banks as to the crediting status of their Shares in their respective securities accounts, as CDP will not be sending any notifications to such YZJ Financial Shareholders. Upon the inclusion of the Shares under the CPFIS, CPFIS Investors may, subject to applicable CPF rules and regulations, use their CPF Funds to purchase Shares traded on the Main Board of the SGX-ST.

volvo125      ( Date: 31-Oct-2025 23:08) Posted: Seems like no more rights issue or the earlier indicated proposed share placement that could effect a 20% dilution. Good news to many i believe. I personally do not wish to see a huge share placement with a potential 20% dilution effect or a rights issue that require existing shareholders to stake out more money.

 

Seems like no more rights issue or the earlier indicated proposed share placement that could effect a 20% dilution. Good news to many i believe. I personally do not wish to see a huge share placement with a potential 20% dilution effect or a rights issue that require existing shareholders to stake out more money.

 

How will it affect YZJ Fin on Monday?  Will it crash?

 

Yangzijiang Maritime Expected to be Listed
on the Main Board of the SGX-ST
at 9.00 a.m. on 18 November 2025
Signs Placement Agreements
at a Placement Price of
S$0.60 per Placement Share

? SAC Capital Private Limited and China International Capital Corporation (Singapore)
Pte. Limited have been appointed as the joint placement agents.
? The proposed placement willraise gross proceeds of no less than approximately S$5.2
million and approximately S$2.8 million will be used as the working capital for
Yangzijiang Maritime.
? The market capitalisation of Yangzijiang Maritime, at the completion of the Yangzijiang
Maritime Distribution and the Proposed Placement, is expected to be approximately
S$2.0 billion based on its unaudited net asset value.
? SAC Capital Private Limited is the issue manager for the listing of Yangzijiang Maritime
and iCapital Holdings (SG) Pte. Ltd. is the listing consultant.

https://links.sgx.com/1.0.0/corporate-announcements/ZJ6UYGEXXKUWIZ67/865724_Poseidon_Press%20Release_OfferDoc_31oct2025.pdf

 

Surprisingly, despite announcement, activity didn' t spike.

 

I observed that there were some big sell down.

Apart from short selling, one possible explanation is that some funds/individuals sold down their holdings to avoid holding to niche stock, similar to the previous spin off by YZJSB.

YibaoI      ( Date: 31-Oct-2025 09:47) Posted: If spin off is near then shortlist will try to pull down prices more and exit before spin date. Another round of trying to sell down maybe in short term then rush to cover up and price goes up again

 

If spin off is near then shortlist will try to pull down prices more and exit before spin date. Another round of trying to sell down maybe in short term then rush to cover up and price goes up again

 

 

rights issue is neutral to share price. price movement depends on how the money raised is used.
if used to add to grow share price will up. if only dilute eps then price go down.
also dpends on the thrash hold. rights means more shares so market cap is increased. 
if it push to enter into indes then passive fund will buy.

shan shan has reported good results. hope the purchase go thru soon.

 

Best these shortists cover up asap.  Recent parents of IPO launches have been performing very well, prior to the IPOs.  Eg Centurion, LHN.

volvo125      ( Date: 30-Oct-2025 23:28) Posted: YFH cumulative shorts as at 24Oct has increased again to 41.4m shares. This is a significant ~2x increase from ~20m shares as at early Oct.   With ETL now on the table and the exact spin off date is really nearing and could be announced any time soon, how would these 41m shorts going to react ? Given that these shorts were on YFH (on a borrowed basis), they were naked on the new YMD. Are these shorts allowed to carry over their short positions beyond the ex date of the spin off ? If Yes, any compeling reasons for them to do so ?   Anyone here has any valuable insights to offer ? Thanks.

 

YFH cumulative shorts as at 24Oct has increased again to 41.4m shares. This is a significant ~2x increase from ~20m shares as at early Oct.
 
With ETL now on the table and the exact spin off date is really nearing and could be announced any time soon, how would these 41m shorts going to react ? Given that these shorts were on YFH (on a borrowed basis), they were naked on the new YMD. Are these shorts allowed to carry over their short positions beyond the ex date of the spin off ? If Yes, any compeling reasons for them to do so ?
 
Anyone here has any valuable insights to offer ? Thanks.

 

For PP, or even RI, could use the recent example Food Empire holding as a reference. YFH will announce the spin off date, then nearer to the date when the natural price discovery phase is allowed to work to its optimal and the market eventually settle with a relatively steady price, YFH would then fix a period then to determine the weighted average mkt price to be offered with a discount.

HVRRVH      ( Date: 30-Oct-2025 22:16) Posted: Let me try to answer my own question and also the point you raised, i.e., whether PP and or RI to be conducted before or after spin off. Apparently, it can be done before spin off via the process of book-building. Without the market price, the bookrunners will gauge the interest from institutional investors accreditated investors what price and how many shares they want. The price will probably derive from NAV and future business prospect .Now with ETL ready and YZJM shares created, things should move fast. Let' s see.  YibaoI      ( Date: 30-Oct-2025 21:50) Posted: Did Ren say consideration of right issue is before the spin off or after the spin off and sorely for YZJM? If it is done after spin off i think will be better. I personally rather not have any right issue before spin off as usually right issue will result in drop in price as it will dilute the price unless it is done together with good planning and timing not to mention investors confidence. Also the problem with right issue for CPF long term investor like me who is not sure how to proceed and also rather not put in cash into CPF if possible, foresee possible some of the CPF investors might sell to avoid this right issue and price might come down. dyodd

 

rights issue is fair to current shareholders. have an arrangement for those who no want to exercise rights to sell it before exercise date. also allow for over subscriptions.
if placement it give the shorty to a chance to cover cheap.
 

 

Thanks for clarifying.

if need consider RI and SP i guess RI seems to be better of the two i agree.
Will look into topping up cash for my cpf shares then no choice when RI happens.

 

Let me try to answer my own question and also the point you raised, i.e., whether PP and or RI to be conducted before or after spin off. Apparently, it can be done before spin off via the process of book-building. Without the market price, the bookrunners will gauge the interest from institutional investors accreditated investors what price and how many shares they want. The price will probably derive from NAV and future business prospect .Now with ETL ready and YZJM shares created, things should move fast. Let' s see. 

YibaoI      ( Date: 30-Oct-2025 21:50) Posted: Did Ren say consideration of right issue is before the spin off or after the spin off and sorely for YZJM? If it is done after spin off i think will be better. I personally rather not have any right issue before spin off as usually right issue will result in drop in price as it will dilute the price unless it is done together with good planning and timing not to mention investors confidence. Also the problem with right issue for CPF long term investor like me who is not sure how to proceed and also rather not put in cash into CPF if possible, foresee possible some of the CPF investors might sell to avoid this right issue and price might come down. dyodd

 

YFH has to raise a certain amount of fund through this spin off in order to meet certain conditions set by SGX/MAS to qualify for the benefits accorded to this listing. Bonus issues or splits do not bring in new fund so they are not relevant. Either share placement or right issue or both could meet the requirements. As this is a spin off listing by introductory, not an ipo, so shares placement could only be placed on a private basis to institutions or AI if the path of the Proposed shares placement is undertaken. Share placement was the original intended path to raise fund as cited in the Circular. A new Right Issue path was brought up by RenYL during the EGM. RenYL seems inclined towards RI instead of SP, reasoning that issuing RI at an attractive discount could serve as a reward to all existing shareholders who would subscribe to the deal while the coy could at the same time satisfy the token action to raise fund to meet the SGX/MAS criteria.

YibaoI      ( Date: 30-Oct-2025 20:18) Posted: I do hope they will not do any rights issue. better either give bonus shares or just split the share for maritime and FH 1 to 1. good news is ETL is approved and we can look forward to their next announcement down the road which i hope will be soon

 

Did Ren say consideration of right issue is before the spin off or after the spin off and sorely for YZJM?

If it is done after spin off i think will be better.
I personally rather not have any right issue before spin off as usually right issue will result in drop in price as it will dilute the price unless it is done together with good planning and timing not to mention investors confidence.
Also the problem with right issue for CPF long term investor like me who is not sure how to proceed and also rather not put in cash into CPF if possible, foresee possible some of the CPF investors might sell to avoid this right issue and price might come down. dyodd

 

Ok ETL received and YZJM shares in place to be distributed. A total of 3,480,450,420 shares to match existing outstanding YZJF' s shares. The distribution will be 1 YZJF share for 1 YZJM share. To date, the plan as indicated by the management is to conduct a private placement concurrence with the spin off. This is documented and published via SGXnet. Further, in the EGM, the management further indicated that they will consider to do a rights issue. To quote old Ren, the rights issue will be priced at attractive price and ratio to ' compensate' existing shareholders who hold YZJF' s shares post spin off, as it is expected that YZJF' s share price will drop post spin off. I am curious how to proceed with the private placement and rights issue ' concurrently' with the spin off since there will be no reference price for YZJM before it is listed. Therefore, it seems that YZJM will be listed first and the private placement and rights issue, if any, will be conducted at least some days after the spin off. Against this backdrop, we may see some price actions from now till finalisation of spin off. As of now, the only reference point of value for YZJM post spin off is the indicative NAV of about $0.57. If BBs want cheap private placement price, the current price would not move much on either directions. Let' s see.