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Yangzijiang Shipbuilding (Holdings)
08-08-2019, 06:07 PM.
Post: #731
RE: Yangzijiang Shipbuilding (Holdings)
Hi Ray168 thanks for the news. May I know the source or the link?

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08-08-2019, 09:12 PM. (This post was last modified: 08-08-2019, 09:17 PM by Ray168.)
Post: #732
RE: Yangzijiang Shipbuilding (Holdings)
[attachment=1705 Wrote:gzbkel pid='153833' dateline='1565258837']Hi Ray168 thanks for the news. May I know the source or the link?

The rumour was forwarded to me by a broker.

Anyway, YZJ has not answer SGX query for same. 

YZJ chairman missing


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08-08-2019, 10:07 PM. (This post was last modified: 08-08-2019, 10:09 PM by CY09.)
Post: #733
RE: Yangzijiang Shipbuilding (Holdings)
I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

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09-08-2019, 09:37 AM.
Post: #734
RE: Yangzijiang Shipbuilding (Holdings)
(08-08-2019, 10:07 PM)CY09 Wrote: I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

LOL .... it is a rumour, just a rumour. 

Yangzijiang hits rough waters amid Beijing's probe into individual linked to firm

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14-08-2019, 06:59 PM.
Post: #735
RE: Yangzijiang Shipbuilding (Holdings)
There is probably matter which is grave enough to require RYL to be relieved from the Board. The announcement gives the impression that it was RYL who made the decision, on his own accord, to step down. I'm not convinced that this is the case.

He may have already been caught up in the investigation before 8 August. What evidence is there that RYL was indeed the person who requested the trading halt, and not someone else?

This is the second red flag in two years.

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15-08-2019, 09:59 AM.
Post: #736
RE: Yangzijiang Shipbuilding (Holdings)
(09-08-2019, 09:37 AM)Ray168 Wrote:
(08-08-2019, 10:07 PM)CY09 Wrote: I might be a little sticky with the Administrative work; but look at the SGX announcement.

Link: https://links.sgx.com/1.0.0/corporate-an...f1dc5eb640

The requester of the announcement is Ren Yuanlin himself. If the Chairman is missing, how the hell did he post a "request for trading halt"

LOL .... it is a rumour, just a rumour. 

Yangzijiang hits rough waters amid Beijing's probe into individual linked to firm

Price tanks another 20+% to 81c for trading lifted today.

Beginning 9 August 2019, Mr. Ren Yuanlin has been granted a leave of absence by the Board to focus on the Investigation 

YZJ response to SGX .... Response to SGX 20190814 

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15-08-2019, 11:07 AM. (This post was last modified: 16-08-2019, 01:31 PM by Big Toe.)
Post: #737
RE: Yangzijiang Shipbuilding (Holdings)
While the former chairman being summoned for questioning is worrying, what is even more worrying is the global ship building contracts have halved compared to the same period last year(Q1-Q2). The previous base case was that with higher scrapping and mergers, the oversupply will come to an equilibrium. That base case may no longer hold true. When most of the ships are delivered and it still does not pick up within the next 2-3 years, the shipbuilders will be hit hard...really hard. But looking at the Baltic Dry index, prices are actually quite decent relative to the last 5 years. So it maybe a case of ship owners holding their purchases due to uncertainty. Confusing times indeed.

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