‘No definitive decision’ made for YZJ Maritime to pursue capital market activities in Hong Kong: CEO

[SINGAPORE] Ren Yuanlin, the executive chairman and CEO of mainboard-listed Yangzijiang Maritime , clarified on Wednesday (Apr 1) that “no definitive decision” has been made for the company to pursue capital market activities in Hong Kong.Ren was responding to statements he had made in an interview with online shipping news publication Tradewinds, for an article published on Tuesday.Ren was reported to be exploring plans to list Yangzijiang Maritime and Yangzijiang Financial in Hong Kong, describing the Singapore stock market as “too small and moribund”.In a bourse filing on Wednesday, Yangzijiang Maritime noted that Ren had also “expressed concern and disappointment over the recent short-term share price performance of these companies”, including Yangzijiang Shipbuilding , “which he believes does not accurately reflect their intrinsic value”.Yangzijiang Maritime was spun off in November 2025 from Yangzijiang Financial’s maritime investment segment, which in turn had been spun off from Yangzijiang Shipbuilding in 2022. Ren is the group’s founder.In the bourse filing, Ren clarified his views on potential capital market activities in Hong Kong for the three Singapore Exchange (SGX)-listed companies, all of which he is a substantial shareholder in.Ren said that “no definitive decision has been made for Yangzijiang Maritime to pursue such initiatives at this time”, and that the company “remains firmly committed” to its SGX listing. Yangzijiang Maritime debuted on the SGX mainboard on Nov 18, 2025.The company’s lead independent director, Teh Wing Kwan, said that the audit committee and independent directors have not discussed or evaluated “any potential corporate plans for the company to list on any other internationally recognised exchanges”.There have not been any board discussions to support such decisions, he added.Ren also clarified that his comments on the Singapore stock market were made “in the context of a broader discussion on regional equity market dynamics”. He added that his remarks “were not intended to detract from the longstanding support that the company has received from the SGX and the broader Singapore capital markets community”.In a separate bourse filing on Wednesday, Yangzijiang Shipbuilding said that it has no plans to undertake equity fundraising transactions outside Singapore.It added that it has “no plans, proposals or discussions” relating to such transactions. Shares of Yangzijiang Maritime rose 3.8 per cent or S$0.02 to close at S$0.54 on Wednesday, before the bourse filings. Shares of Yangzijiang Financial rose 2 per cent or S$0.005 to S$0.255, and shares of Yangzijiang Shipbuilding gained 4.8 per cent or S$0.18 to end at S$3.96.