What does Yangzijiang plan to do with its $1.3bn cash pile, analysts ask

Shareholders in Yangzijiang Shipbuilding could be set for a major payout with the Chinese company sitting on a huge cash pile, according to analysts.

At the end of 2023, the Singapore-listed company had CNY 16.6bn ($2.3bn) in cash, which was up 54% year on year and total borrowings of CNY 5.6bn resulting in a net cash position of nearly CNY 11bn.