Yangzijiang Shipbuilding “ticks all the check boxes” as a perfect candidate for being taken private, according to analysts at Singapore’s largest bank, DBS.
The sharp plunge in valuations arising from the Covid-19 pandemic in the second quarter of 2020 led to a revival of merger and acquisition and deals in Singapore, and publicly listed companies going private.
DBS said this trend is expected to continue in 2021 as valuations of companies have yet to revert to pre-Covid-19 levels.
