Yujin International soars as subsidiary sells ship to Singapore operator
Yujin Carriers Pte, the wholly-owned subsidiary of Yujin International, the owner and charterer of a fleet of tankers operating in the Asia Pacific region has completed the sale of the vessel M/T Reliance.
Yujin Carriers Pte, the wholly-owned subsidiary of Yujin International, the owner and charterer of a fleet of tankers operating in the Asia Pacific region has completed the sale of the vessel M/T Reliance.
The group reported that the purchaser was a Singapore-based operator that paid total cash consideration of S$2.0m.
Proceeds of the sale would be used to partly repay an existing bank loan and for working capital purposes, the group said.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Yujin International's share price was up 45.45% to 16p at 12:23 on Wednesday.
MF
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Will “Liberation Day” strike again?
Donald Trump’s 90-day tariff pause comes to an end on 9 July. Can we expect further market turmoil?
-
Israel claims victory in the '12-day war' with Iran
Donald Trump may have announced a ceasefire in the 12-day war between Israel and Iran, but what comes next depends on what happens internally in Iran