The Group’s Maritime Fund, which has since been enlarged from US$500 million to US$600 million, has closed 12 deals, committed an amount of US$173.8 million, and invested US$109.3 million, achieving an internal rate of return (IRR) of 16.4% and return on equity (ROE) of 17.7%.
CEO Vincent Toe commented: “The Group's international portfolio has gotten off to a great start and we are currently reaping the rewards of our investments. Our diversified set-up for this portfolio, currently spanning across 4 different asset types, is designed to reduce portfolio volatility while still achieving strong returns for all our stakeholders in the long-run.”
Executive Chairman Ren Yuanlin added: “We are confident that our strong financial position in a volatile market will enable us to capitalise on suitable investment opportunities as and when they arise, both within and beyond China.”Hashtag: #maritime #shipbuilding #SGX #mainboard
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Yangzijiang Financial Holdings
Yangzijiang Financial Holding Ltd. is a Singapore-incorporated company that specializes in investment management, wealth management services, and fund management.