Date of Report: September 30, 2024
Broker Name: CGS International Securities

Acquisition of 34% Stake in Tsuneishi Group’s China Unit
YZJSGD has announced the acquisition of a 34% stake in the China unit of Tsuneishi Group. The deal is valued at RMB 833.1 million (S$158.3 million), marking a significant investment by YZJSGD into the Chinese market. This acquisition represents a strategic expansion of YZJSGD’s footprint in the maritime and shipbuilding industries, leveraging the capabilities of Tsuneishi Group’s established operations in China.

Strategic Rationale for the Acquisition
By acquiring a substantial stake in Tsuneishi Group’s China unit, YZJSGD aims to enhance its presence and influence in the shipbuilding sector, particularly in China, a critical market for maritime industries. The deal aligns with YZJSGD’s broader strategic goal of strengthening its international partnerships and expanding its market share within Asia’s growing shipbuilding industry.

This detailed overview is derived from the September 30, 2024, report and focuses on YZJSGD’s acquisition of a stake in Tsuneishi Group’s China unit, outlining its strategic significance and impact on the company’s growth trajectory.