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MEDIA RELEASE – FOR IMMEDIATE RELEASE
Yangzijiang Shipbuilding announced plan to prepare issuance of Taiwan Depository Receipts ("TDR")
SINGAPORE – 24 May 2010 – Yangzijiang Shipbuilding (Holdings) Limited
The Board believes that the proposed TDR issue would be in the best interests of the Group for the following reasons:
Yangzijiang Shipbuilding (Holdings) Ltd
4 Robinson Road
#04-01 House of Eden
Singapore 048543
(Co. Reg. No. 200517636Z)
In relation to the proposed TDR issue, Yangzijiang has appointed SinoPac Securities Corp to provide advice on the proposed TDR issue, to advise the Group in relation to the TDRs issuance, to handle related pre-issuance matters as well as to act as lead underwriter to the proposed TDR issue.
Yangzijiang will undertake the preparation of the necessary documentation for the submission of an application to the TSE and the Taiwan Central Bank ("TCB") for the offering and listing of the TDRs representing the TDR Shares on the TSE. The Group will comply with the Listing Rules of the Singapore Exchange Securities Trading Limited ("SGX-ST") with respect to the issue and allotment of the TDR Shares.
Shareholders should note that the proposed TDR issue is conditional,
The Group’s Executive Chairman noted the following in relation to the TDR Issue: "The current state of Global Maritime Industry poses new challenges and offers a window of consolidation opportunities for shipbuilders. (I believe) the funds raised from TDR will not only able to strengthen our abilities to take on these new challenges, but will also able to enhance the war chest of YZJ to capitalize on potential consolidation wave." 目前全球海事业格局给造船业者带来难得的整合契机和新挑战。（我认为）TDR 发行不仅能强化集团的抗风险能力，而且能提升集团的资金实力有效地掌握整合机会。 Mr Ren Yuanlin ( Note:
conditions, the proposed TDR issue may or may not proceed. Further, the Directors may, notwithstanding that all requisite regulatory approvals have been obtained, decide not to proceed with the proposed TDR issue if, having regard to investors’ interest and response at the material time and any other relevant factors, the Directors deem it not in the interest of the Group to proceed with the same. Shareholders of Yangzijiang and potential investors are as such advised to exercise caution when dealing in Yangzijiang's shares. When in doubt, shareholders and potential investors are strongly advised to seek independent advice from their bankers, stockbrokers, solicitors or other professional advisers.
--The End--
SINGAPORE - Singapore-listed shipbuilder Yangzijiang said on Monday it plans to list Taiwan Depository Receipt of up to 100 million new ordinary shares
Break 1.35 today?..kekek
didnt get it at 1.21 last fri damn sianz.
anyway, euro issues seem to demolish whatever good news coming from any industries!better stay on the sidleine and watch.neva know when sti is gonna test 2620 levels again!damn scary man!!!!
ah fai....we need some comments from u
Geneva88 ( Date: 24-May-2010 10:28) Posted:
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Geneva88 ( Date: 24-May-2010 10:04) Posted:
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Better safe than sorry....cash out and stay on the sideline.
Always opportunity to buy back next time :)
marubozu1688 ( Date: 22-May-2010 13:05) Posted:
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YZJ breaks critical support. Probably it is time to sail away when the tide rises.
http://mystocksinvesting.blogspot.com/2010/05/yangzijiang-critical-supports-broken.html
Geneva88 ( Date: 21-May-2010 18:10) Posted:
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The old captain run road liao.
Relax next week we will run the ship in auto pilot mode
hahah
come on... WAKE UP
need to be louder???? haha
L..... ( Date: 21-May-2010 13:25) Posted:
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E-war ( Date: 20-May-2010 18:53) Posted:
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harley22ez ( Date: 20-May-2010 16:33) Posted:
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L..... ( Date: 20-May-2010 15:49) Posted:
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sounds like MONGA
got watch?
its a lousy movie
pharoah88 ( Date: 20-May-2010 11:03) Posted:
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