YANGZIJIANG Financial Holding is exploring a spin-off of its maritime investments segment into a separate company to be listed on the Singapore Exchange.

The proposed move would transfer Yangzijiang Financial’s maritime assets — including its ship finance, leasing and brokerage services — into a new entity focused on capturing high-growth opportunities across the shipping, shipbuilding and offshore markets.

The spin-off entity will be led by Ren Yuanlin, executive chairman and chief executive of Yangzijiang Financial, which itself was spun off from Singapore-listed Yangzijiang Shipbuilding in 2022.

Ren’s firm reportedly ordered up to six handysize dry bulk carriers from Jingjiang Nanyang Shipbuilding earlier this month, having previously contracted eight medium-range product tankers from the same yard. It is also involved in several other vessel projects.

The company said separating its maritime assets from its broader investment platform would allow for more efficient capital allocation and governance, tailored to the strategic needs of each business.

Yangzijiang Financial will continue to operate its remaining investment banking and asset management businesses as the legacy group, while leveraging Singapore as a hub for expansion across Southeast Asia.

“This is a natural evolution of our strategy,” said Ren. “Our maritime business is ready to stand on its own, backed by strong fundamentals and a clear vision for expansion.”

Yangzijiang Financial said the proposed spin-off is exploratory and will need several approvals. But it is targeting a listing for the maritime unit within six to 12 months.