Yangzijiang to be delisted from TSE

Yangzijiang to be delisted from TSE

Shanghai: Chinese private shipbuilder Yangzijiang Shipbuilding has announced that the company is to be delisted from Taiwan Stock Exchange (TSE).

The company’s application for the voluntary delisting has been approved and will be effective on June 17. The depository bank in Taiwan and TDR Listing Agreement will be terminated on the delisting date.

Yangzijiang’s first quarter net profit dropped 12% year-on-year to RMB707m ($114m).

Katherine Si

Having majored in English Katherine started out at news portal ShippingChina.com where she rose to become News Editor. In 2008 she moved to work with Sam Chambers and has since held numerous positions including China correspondent for Seatrade magazine. Katherine is in touch with Chinese owners and yards on a daily basis and has had many prestigious news scoops reporting China’s fast evolving maritime scene.

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