Yangzijiang Shipbuilding Proposes to Renew Buyback Mandate

MT Newswires

04/10

Yangzijiang Shipbuilding (SGX: BS6) proposed to renew its buyback mandate at the upcoming annual general meeting to be held on April 28, according to a Thursday filing with the Singapore Exchange.

Shares of the shipbuilder were up under 1% in Friday trading.

The company intends to undertake the purchase or acquisition of its shares up to a 10% limit during the period, with a view to increase shareholders' value and improve the return on equity of the company and its subsidiaries.

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