Greater ChinaShipyards
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).