YZJ Spinoff

Q&A
1

Hi Evan and all friends,

There is a YZJ spinoff to YZJ shipbuilding and YZJFH, will stockscafe factor this in automatically?

https://www.businesstimes.com.sg/companies-markets/yangzijiang-spin-off-gets-shareholder-nod-to-list-on-apr-28-as-an-sti-constituent

thanks!
Vic

3 Likes
2

Hi Vic,

Can you share what will happen? I took a quick look at the article but it was not clear what is going to happen. For example, if I have one share of YZJ, what will I get and “lose”?

Thanks,
Evan

3

Keen to know too as a shareholder of YZJ.

Essentially YZJSH holders was entitled 1:1 share in the new spin-off entity YZJFH (YF8). Ex date was 22 Apr 2022.

4

Hi Evan, if you have 1000 BS6 shares, you’ll receive 1000 YF8 shares on 28 Apr 2022. Will you be programing this so we can just click “Accept”? Thanks!

5

@LHT5 @cuie

Will you lose that 1000 shares of BS6?

And yes, once I have that information, I can set it up such that you just have to click “Accept”.

Although actually, I think this situation is quite straightforward though. It is essentially just a buy transaction on 28 April. We just need to determine how much to price YF8 at.

6

Hi Evan and friends,

To reply to your question, we will still keep that 1000 shares of BS6. Just that the value will drop to ex-YF8 value with last day trading on 21st April 2022. YF8 shares debuted with price of $0.69 on 28th April 2022.

As I am holding both as well, I am thinking to do the following transactions which can you confirm:

  1. Sell BS6 shares at closing price of $1.54 at your quantity on 21/04/2022.
  2. Add BS6 shares at price of $1.54-$0.69 = $0.85 at your quantity on 22/04/2022.
  3. Add YF8 shares at opening price of $0.69 at your quantity on 28/04/2022.

Not sure whether did I get it right.

Regards,
SG Cashflow Investor

7

Hi @sgcashflowinvestor,

I actually like and agree with what you have proposed.

Cheers,
Evan

1 Like
8

Btw, I created the M&A event → https://stocks.cafe/events/details?suggestion_id=4

So, you can simply go there and click accept.

2 Likes
9

Hi Evan,
I went to the link but i dont see where to click Accept. Pls advise.
Thanks

10

Hi @doreenchu74,

I checked. It seems like you do not have SGX:BS6? Cannot even find any past transactions of BS6.

Cheers,
Evan

11

thank you @sgcashflowinvestor and @evankoh for coming up with a simple 1 click solution for us!

2 Likes