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Yujin International Ltd
- BY: Andrew Hore |
- POSTED: 08/02/2009 |
Tanker ship owner Yujin International Ltd plans to join Aim on 10 February 2009.
Singapore-based Yujin charters tankers to companies providing bunkering services in the Port of Singapore. Yujin owns six tanker ships and has chartered in two ships from a third party.
Yujin is joining Aim via an introduction and will be worth £9.9m at the expected introduction price of 33p a share.
Joint managing directors Captain Liew Chin Chye and Captain Joseph Ting Siew Chiong each own 18% of the company. Kavita Capital, where non-executive chairman Lee Keen Whye is a director, is the majority shareholder with a 51.3% stake.
In all, 90% of the shares will not be in public hands at the time of the flotation.
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