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Yangzijiang taps Taiwanese Equity

Yangzijiang Shipbuilding is one step closer to the listing of its Taiwan Depository Receipts (“TDRs”) by September this year. The largest private Chinese shipbuilder, which is already listed on the Singapore Exchange, has received all the necessary approvals from Taiwan and has made an application to the Singapore Exchange. Pending approval, it will be the first Singapore listed company to list TDRs in Taiwan. Yangzijiang Shipbuilding hopes to list up to 120 million TDR shares, comprising 100 million new shares and 20 million vendor shares with the objective to boost its existing share valuation and raise more funds for potential acqusitions.

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Written by: | Categories: Asia, Equity | August 12th, 2010 |

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