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.

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.

Yujin International's share price was up 45.45% to 16p at 12:23 on Wednesday.

MF