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YZJ Shipbldg SGD

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Last Done 0.995
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Yangzijiang: Mr. Ren Yuanlin Donates 150 Million Yangzijiang Shares To Senior Management Incentive Scheme.

12 Apr 2019 18:05

Yangzijiang Shipbuilding (Holdings) Ltd. announced that Executive Chairman and the largest shareholder of the Group, Mr. Ren Yuanlin, has donated 150 million of his shareholdings in Yangzijiang, to a new irrevocable trust set up for the purpose of rewarding senior management. The trust, held under Xinyangchuan International Limited, aims to reward senior management of various business divisions of the Group. The first batch of the beneficiaries were listed according to their lengths of service at Yangzijiang and their overall contributions made to the Group. Mr. Ren Yuanlin and Group CEO, Mr. Ren Letian are not included in the potential beneficiary pool...

More information available here.

Source: ShareInvestor Express

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