In today’s briefing:
- Yangzijiang (YZJSGD SP) Spin-Off: Index Treatment
Yangzijiang (YZJSGD SP) Spin-Off: Index Treatment
- Yangzijiang Shipbuilding (YZJSGD SP) is looking to spin-off its investment segment, Yangzijiang Financial Holding Ltd (YZJFH). The EGM is on 18 April and the book closure is 25 April.
- There will be no flows from the MSCI and FTSE trackers given that both stocks should continue to remain members of the MSCI Small Cap and FTSE All-World indices.
- There will be a deletion from the FTSE Straits Times Index (STI) (STI INDEX) though, where either YZJSGD, YZJFH or Comfortdelgro Corp (CD SP) will be deleted from the index.
Before it’s here, it’s on Smartkarma
