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Revisions

Yangzijiang maintains steady streamlining course

Broker's Calls

Yangzijiang maintains steady streamlining course

Benjamin Cher Published on Thu, Sep 08, 2016 / 11:47 AM GMT+8

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SINGAPORE (Sept 8): OCBC Research is maintaining its “hold” call on Yangzijiang Shipbuilding (YZJ) after it announced the disposal of its 20% stake in Jiangsu Hailan Marine Systems Technology, which deals with integrated marine electrical system.

(See also Yangzijiang disposes of 20% stake in associated company)

The disposal only represents 0.13% of YZJ’s total net asset value, or RMB 29.5 million ($376,000) according to analyst Low Pei Han in a Thursday note.

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