Yangzijiang Maritime shares reached S$0.71 with its debut on the mainboard of the Singapore Exchange on Tuesday morning.

The counter reached the early intra-day high at 9.03 am but soon gave up some gains to S$0.685 at 10.03 am, with 29.3 million shares transacted.

The company is a spin-off from the maritime investment segment of YZJ Financial, similar to how YZJ Financial was spun out of YZJ Shipbuilding earlier in 2022.

Shares of YZJ Financial dipped 4.9 per cent or S$0.03 to $0.49 as at 10.03 am, after around 7.8 million securities changed hands.

YZJ Maritime raised gross proceeds of at least S$5.2 million via a private placement of around 8.6 million fully paid ordinary shares, at a price of S$0.60 apiece. Its parent company issued to its shareholders shares in YZJ Maritime on a one-for-one basis.

As at Jun 30, YZJ Maritime had a net asset value (NAV) of over US$1.57 billion (S$2.04 billion), where the company recorded earnings of US$63.54 million for H1 2025, compared with US$68.91 million for the same period a year prior.