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
Sign up for MoneyWeek's newsletters
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.
-
How taking a two-year career break could leave a £26k hole in your pension
Career breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storage
Selling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits