Yangzijiang Shipbuilding soars 6.5% on the back of new orders worth US$920 million
Shares of Yangzijiang Shipbuilding soared 6.5 per cent shortly after market open on Monday (Sep 1) on the back of its announcement that it has secured 22 new orders for its vessels.
The counter jumped S$0.19 to S$3.10 as at 9.29 am, having closed at S$2.91 on Aug 29.
The Chinese shipbuilder announced the new orders worth US$920 million after the market closed that day.
The new vessels are due for deliveries between 2027 and 2029, and will not “have any significant impact on the earnings” for 2025, it said.
The new orders mean that Yangzijiang Shipbuilding has secured orders with an aggregate value of nearly US$1.5 billion in the year to date.
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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.
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