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(28-04-2025, 07:59 PM)specuvestor Wrote: wow this spin off is indeed unique... with 2 separate entities isn't it more difficult for ships that was built but not delivered to be injected into this entity?
and without raising capital... interesting that he is still savvy
(17-04-2025, 04:24 PM)specuvestor Wrote: See my post on 2 Oct 2013...wow how time flies... but Chairman Ren is indeed savvy
https://www.valuebuddies.com/thread-588-...#pid165284
But holding ships in inventory is nothing new. Most savvy I think was Jaya Holdings. That's what some of our shipping companies tried to do in the past before a sharp shipping correction undo some of them
Arguably I would say our local tycoons could learn a thing or two from Chairman Ren, in terms of creating value/wealth for themselves and OPMIs. Of course, most of them are more focused on wealth preservation and so they can surely ignore what Chairman Ren has to offer.
An interesting thing to note: YZJMD is going to take up 55% of the NAV in the split entity but it is going to take away 1bil from the 1.4bil cash (or 71.5% of it). Based on my own tracking, ~150mil of cash was injected by GPs for the Maritime Fund but even after accounting for it, it still looks to me that a larger pile of cash is going to YZJMD. Together with a 250mil share placement option by YZJMD post split, it seems like Chairman Ren is loading up his elephant gun at YZJMD side?
THE PROPOSED SPIN-OFF OF THE MARITIME FUND AND MARITIME INVESTMENTS BUSINESS (AS DEFINED HEREIN) OF THE COMPANY THROUGH THE DISTRIBUTION IN SPECIE OF 100% OF THE ISSUED SHARES IN THE CAPITAL OF YANGZIJIANG MARITIME DEVELOPMENT PTE. LTD. (TO BE RENAMED YANGZIJIANG MARITIME DEVELOPMENT LTD.)
Following the Proposed Spin-off, YZJ Maritime will function as a dedicated maritime investment platform, and its focus will be on unlocking value across the entire maritime value chain. From finance leasing and brokerage services to broader investment participation, YZJ Maritime aims to capitalise on its expertise in both shipbuilding and investment to proactively capture high-growth opportunities in the maritime industry, thereby generating sustainable long-term value for its shareholders. As a pure-play maritime development company, it is anticipated that YZJ Maritime will enhance market valuation through sharper capital allocation, tighter strategic focus, and improved operational efficiency.
https://links.sgx.com/FileOpen/YZJF%20-%...eID=855307
I am not a certified financial advisor and so nothing of what I say should be construed as financial advice. Please consult a certified financial advisor for advice instead.