Ren Yuanlin

Yangzijiang Financial Holding posts 1HFY2022 earnings of $136.4 million, down 30.6% y-o-y - THE EDGE SINGAPORE

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Yangzijiang Financial Holding posts 1HFY2022 earnings of $136.4 million, down 30.6% y-o-y

As at June 30, YFH has some $4.6 billion in assets under management. It has a net asset value of $1.07 as of the same date.

Company in the news

Yangzijiang Financial Holding receives capital injection to bring NTA to $4.26 bil

Yangzijiang Financial Holdings will have an initial NTA per share to $1.08.

Results

Yangzijiang reports 2HFY2021 earnings of RMB2.06 bil; moving ahead with spin off of investment business

The investment business to be spun off will look at various asset classes such as private debt, mezzanine financing and REITs

Company in the news

Yangzijiang's Ren to resume work after assisting with graft probe

By The Edge SingaporeRen Yuanlin, the executive chairman of Yangzijiang Shipbuilding (Holdings), will resume work with effect from Dec 23, more than four months after he was first said by the company to be “assisting in a confidential investigation”
As Yangzijiang's Ren 'assists' with graft probe, son Letian holds the fort - THE EDGE SINGAPORE

Company in the news

As Yangzijiang's Ren 'assists' with graft probe, son Letian holds the fort

Rumours of the supposed disappearance of Yangzijiang executive chairman have prompted a flurry of activity

Markets

Further US rate cuts still expected despite divisive FOMC meeting

SINGAPORE (Aug 26): The minutes of the Federal Open Market Committee’s July 31 meeting have indicated that the officials were widely divided in the US Federal Reserve’s decision to ease monetary policy.

Management & Corporate Governance

Yangzijiang confirms executive chairman Ren Yuanlin 'assisting' in investigation by Chinese authorities

SINGAPORE (Aug 14): Yangzijiang Shipbuilding (YZJ) has confirmed that executive chairman Ren Yuanlin is “currently assisting in a confidential investigation” carried out by certain Chinese governmental authorities.

SGX query

Yangzijiang asks for trading halt after shares fall 20% on heavy volume

SINGAPORE (Aug 8): Yangzijiang Shipbuilding has requested for the trading of its shares to be halted.

Hot Stock

Yangzijiang 2Q profit jumps, shares hit six-year high

SINGAPORE (Aug 8): China's Yangzijiang Shipbuilding reported a 73% increase in second-quarter net profit, helped by higher revenue from the construction of larger-size vessels, sending its shares to their highest in more than six years.

Yangzijiang Shipbuilding disposes stake in 2 subsidiaries to Executive Chairman Ren to focus on core business

SINGAPORE (Aug 1): Yangzijiang Shipbuilding has disposed its stakes in two subsidiaries to Group Executive Chairman Ren Yuanlin to enable the group to divert its attention from the non-core businesses to the core shipbuilding and related businesses.
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