Yangzijiang Financial to divest entire treasury share at $0.72 apiece

The total gross proceeds amounted to $139.3m.

Yangzijiang Financial has entered into two separate share sale and purchase agreements with Merlion Quay and Operie Capital to divest its entire 193.5 million shares at $0.72 per share.

The total gross proceeds amounted to $139.3m, after deducting insignificant expenses.

The group intends to progressively deploy the proceeds towards its core maritime investments.

In the interim, proceeds may be temporarily allocated to bank deposits or cash management activities for capital appreciation.

The proposed sale is expected to be completed by 26 June 2025, being 90 days from the date of signing of the SPAs.

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