Stock Track | YZJ Maritime Soars 3.03% in Pre-Market Following New Vessel Orders Announcement
Stock Track
Apr 28
YZJ Maritime's stock price surged 3.03% during the pre-market session on Tuesday, significantly outperforming the broader Singapore market.
The sharp rise follows the company's announcement that it has placed newbuilding orders for a total of 10 vessels with Chinese shipyards. This strategic expansion will increase the group's total fleet to 105 vessels upon delivery between 2027 and 2029, with 53 vessels currently under construction.
The new vessel orders signal future growth and capacity expansion for the maritime financial solutions provider, which plans to fund the acquisitions through a combination of equity co-investment and debt financing.
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