Thursday, June 14, 2012

Yangzijiang

Yangzijiang: An article has been circulated, stating that Mr Ren Yuanlin has given away his 27.83% equity stake to charity. However this report is untrue, and what the Zaobao article is correct. Mr Ren gave away his 2011 cash dividends to charity, not any part of his equity stake. This was verified with YZJ investor relations team. The giving away of his personal dividends is highly unlikely to have any direct impact on YZJ. The untrue article http://sgx.i3investor.com/servlets/fdnews/38632.jsp The Zaobao article, on pg 3 http://www.eworldship.com/html/2012/Person Character_0520/50769.html

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