Yangzijiang Maritime Development Ltd. has announced its intention to hold an Extraordinary General Meeting (EGM) to seek shareholder approval for a share buyback mandate. This move is part of the company’s broader capital management strategy, aiming to enhance shareholder value and support liquidity.
The proposed mandate will allow Yangzijiang Maritime to purchase up to 10% of its issued shares, excluding treasury shares and subsidiary holdings, in line with the Singapore Exchange (SGX) Listing Rules and the Companies Act 1967. The maximum price for these market acquisitions will not exceed 5% above the average closing market prices.
As of 30 June 2025, Yangzijiang Maritime reported cash and cash equivalents of approximately S$0.5b, with net assets totalling around S$2b. The company plans to distribute a circular to shareholders detailing the proposal and will announce the EGM date and related details soon.
Ren Yuanlin, Executive Chairman and CEO of Yangzijiang Maritime, stated, “With a healthy cash position and strong balance sheet, we continue to be focused on disciplined capital allocation, including through share buybacks when our share price may not reflect the intrinsic value of the Company.” He added that the share buybacks are seen as a means to reward long-term shareholders and reinforce confidence in the company’s strategic direction.
Yangzijiang Maritime, which successfully listed on the SGX in November 2025, positions itself as a key player in the maritime financial solutions sector, bridging shipyards, shipowners, and capital markets.
