A True Trail-blazer: Yangzijiang Shipbuilding – Equity Follow-on Award East

Every year, Marine Money hands out awards to market innovators who have been creative in tapping the various funding sources. In 2010, one exceptional company in Asia caught our attention in this year’s follow-on category: Yangzijiang Shipbuilding. Not only was the company the first Singapore listed entity to launch a Taiwan Depository Receipts (“TDRs”) listing, but this offering was also the first successful TDR sale by a mainland Chinese company, following warmer ties between Taiwan and China. Who would have thought that a Chinese shipbuilder could pull off such an impressive feat in Taiwan, where cross-strait relations have historically been marred by tensions and instability?

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