Yangzijiang Maritime Development to Seek Shareholder Approval for 10% Buyback Mandate

SGX Filings

Jan 19

Yangzijiang Maritime Development Ltd. (8YZ) said on Jan, 19 2026 that it plans to convene an extraordinary general meeting to obtain shareholder approval for a share buy-back mandate.

Under the proposal, the company would be allowed to repurchase up to 10% of its issued shares, excluding any treasury shares and subsidiary holdings. The maximum price for on-market purchases would be capped at 5% above the average closing market prices, in line with Singapore Exchange listing rules and the Companies Act 1967.

As at Jun, 30 2025, Yangzijiang Maritime held approximately 0.5 billion Singapore dollars in cash and cash equivalents and reported net assets of about 2 billion Singapore dollars. The company said it will dispatch a circular with further details and announce the EGM date in due course.

Executive chairman and chief executive Ren Yuanlin said the proposed mandate forms part of the group’s broader capital-management strategy following its November 2025 initial public offering.

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