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"Yangzijiang is reviewing a proposal made by China Development Bank, Bank of China and others to buy a stake in the shipbuilding and offshore engineering businesses that Huarong, previously called China Rongsheng Heavy Industries Group Holdings Co., is selling, Ren said." http://www.bloomberg.com/news/articles/2015-04-30/china-shipbuilding-industry-is-set-to-contract-yangzijiang-says
"As of now, Yangzijiang will only consider RSHI for acquisition but we are taking a cautious approach on this and the deal may or may not go through at all," said Ren Yuanlin, executive chairman of Yangzijiang, highlighting that the company has not made any decision on the proposed M&A activity. In hindsight, he thinks that the proposed acquisition will be good for Yangzijiang in terms of expanded capacity and assets, as well as the existing value-added offshore shipbuilding capabilities that RSHI possesses. "In the long run, China will still need to produce vessels and machinery related to the offshore industry. RSHI has such capabilities and it will be beneficial to whomever acquires it," added Ren.
Today's news, interesting possible acquisition by Yangzijiang http://www.ihsmaritime360.com/article/17706/yangzijiang-considers-rshi-acquisition
frustrating this one, highest volume in 3 months on Friday. Such a quiet few days to follow. Though it might pick up. GLA.
Hi Span, I sold out about 8 months ago saving myself quite a bit of dosh. It's always been on a Watchlist, and figure why not give it another go. Oil and gas and subsequently related shipbuilding industries are weak but this will seriously fly on the back of contract news. I don't think all is lost here, or the company's going under so my buying mandate is look for the unloved and wait. Not bet my house on it though!
Trevally you must have been waiting 15mths on confirmation of contract news already, no?
Hmm apparently not, depending on which site you read. Apologies, 3rd highest............I think!! I'll get my coat :)
theres only 5!
Yep had some more at this level, hope of news soon, another Aim bet.
this stock is usually in slumber but movement today
@0.003p! Topped up another 225k Pretty tiresome waiting on news with this one, but if I've learned anything in this game it's to have plenty patience! GLA.
usually no movement here but only 5 MM's on this one and moves in 0.05 increments so can climb quick
Compelling! Just need the overspill from their shipbuilding yard to YZJ Offshore Engineering yard. Just! It's establishing reputation, as Glen Lau would say. It all takes time. 'And don't we know it'! With the amount of business Yangzijiang Shipbuiding is attracting, as one of the few outstanding Chinese yard's,I remain hopeful 'something's got to give'! Yangzijiang are the majority shareholders in YZJ Offshore Engineering Pte, they would have this 'yard' now establishing itself, in its best interests and success, in the long term.
Yangzijiang Shipbuilding - New Orders, New Horizon - valuation raised http://sgx.i3investor.com/blogs/singaporestockmarketnews/25070.jsp
Hoovering up a few at the moment, one year ago had a huge breakout, why not again. Pretty dam cheap and no one is interested. History says that's when to buy.
Dave, agreed. I have been trying to find one thing out in particular. Why would Zafar Karim spend £20k buying those warrants from another party at 1p when he could have spent that same £20k buying on the open market at around 0.35/0.40p? I note that RNS was issued a few days after the RNS notifying us that warrants were issued to Mr Lau also at 1p and that the company would rather "reward" the directors in this way rather then huge salaries. This does bode well as Mr Lau was awarded in the region of 250m shares taking his holdings in the company to circa 7.5%. All positives if you ask me but still bugs me as to why Mr Karim bought those warrants rather then buying on the open market as it would seem that in back in March (Q1) directors would still have been in an open period, now we are in Q2 one would assume they are now in a closed period. I presume that the warrants were issued @ 1p and Mr Karim bought those warrants priced @ 1p as we will be back to those levels in the not too distance future.
Asia's growth. Not specific related but encouraging.http://www.ihsmaritime360.com/article/17569/singapore-minister-prepare-for-asia-s-growth. Agreed, with recent posts re: very frustrating and poor of Amed to not reply to emails etc; I've found the same. But, for me this has to be a hold, until at least the end of the summer, to see what materialises, as I feel with the Explorer 1, finalising, and results due, positive news, should emerge, by then. GLA
YANGZIJIANG: "Raising Target Price To Street-High $1.90," Says Deutsche http://www.nextinsight.biz/index.php/story-archive-mainmenu-60/927-2015/9929-yangzijiang-qour-key-pick-as-the-chinese-shipbuilding-industry-further-consolidatesq-says-deutsche
This should begin to move north shortly
positive movement
slight movement upwards, next trade crucial
Yawnnnnnn.................