News blog
Yujin International Ltd
- BY: Andrew Hore |
- POSTED: 10/02/2009 |
Tanker ship owner Yujin International Ltd is the first new company to join Aim this year.
Yujin joined Aim via an introduction at 33p a share, which valued it at £9.9m. The shares ended the first day at 35.5p each.
Singapore-based Yujin charters tankers to companies predominantly providing bunkering services in the Port of Singapore. Shell has chartered a chemical tanker for two years and a bitumen tanker for three years.
Yujin owns six tanker ships and has chartered in two ships from a third party. Yujin intends to grow its tanker fleet over the next four years. The Aim quotation is designed to help Yujin to grow internationally.
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