Yangzijiang Shipbuilding (Holdings)

[CityFarmer]

Mr. Ren Yuanlin continue to utilize the company cash reserve. Take it at face value, the JV is registered with a paid-up capital of RMB 550 million and YZJ takes 23.6% stake with RMB 130 million. A listed company in Shenzhen will acquire the JV by book value in future, with share placement @RMB 19.16 per share, a 50% discount of the current market price of RMB 38.

http://infopub.sgx.com/FileOpen/Announce...eID=356634