Stock Track | YZJ Shipbldg SGD Soars 4.27% as Ren Yuanlin Invests $800M in Shipbuilding
YZJ Shipbldg SGD saw its stock soar by 4.27% in intraday trading, as investors reacted positively to news of a major investment in shipbuilding by Chinese veteran Ren Yuanlin. The surge comes as Ren's investment house, Yangzijiang Financial Holding, shifts its focus from property to shipowning with a series of tanker newbuilding orders worth nearly $800 million.According to reports, Yangzijiang Financial Holding has significantly increased its tanker newbuilding tally to 22 vessels, with fresh