Yangzijiang Maritime seeks approval for 10% share buy-back

Market purchases would be capped at 5% above the average closing price.

Yangzijiang Maritime Development plans to convene an extraordinary general meeting (EGM) to seek shareholder approval for a share buy-back mandate.

If approved, the company may repurchase up to 10% of its issued shares, excluding treasury and subsidiary holdings.

Market purchases would be capped at 5% above the average closing price, in line with SGX-ST Listing Rules and Singapore law.

A shareholder circular with full details and the EGM date will be issued in due course.

“With our successful IPO listing in November 2025, we believe that share buybacks are another good opportunity to reward long-term shareholders, support liquidity, and reinforce confidence in our strategy and value creation pathway,” Executive Chairman and CEO Ren Yuanlin said.

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