Yangzijiang Financial Holding resumes share buybacks after one-month break
As of June 30, YFH's NAV per share was 111.31 cents
Yangzijiang Financial Holding has resumed share buybacks after a one-month hiatus.
On Dec 26, the investment firm, which was spun off Yangzijiang Shipbuilding Holdings f So7or its own separate listing, paid $3.03 million to buy 7.57 million shares, equivalent to 40 cents each.
This brings its total buybacks under the current mandate to more than 31.18 million shares, equivalent to 0.916% of the company.
YFH last bought back shares on Nov 28, also paying 40 cents each for some 3.68 million shares.
As of June 30, YFH's NAV per share was 111.31 cents, 4.4% higher than 106.62 cents as of Dec 31 2023.
YFH, under executive chairman and CEO Ren Yuanlin, is actively growing its investments in the maritime industry, providing funding for ship charters, financing the construction and leases of vessels and so on.
YFH closed Dec 26 at 40 cents, up 1.27% for the day and up 21.21% year to date.
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