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Yangzijiang Shipbuilding opens 42% above IPO price

Yangzijiang Shipbuilding opens 42% above IPO price

Singapore: Shares of Yangzijiang Shipbuilding Holdings Ltd. opened at S$1.35 in debut trade on the Singapore Exchange Wednesday, reflecting a 42% premium to last week's initial public offering price of S$0.95, Dow Jones reported.

The offer included 662 million new shares and 331 million existing shares, with the IPO shares representing 30% of the company's enlarged share capital.

Some 20 million shares were offered in Singapore, and 973 million shares offered to international investors.   [18/04/07]