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Yangzijiang Shipbuilding and IVE Group witness considerable retail investor ownership

EditorAmbhini Aishwarya
Published 09/26/2023, 12:45 AM
© Reuters.

In recent developments, Yangzijiang Shipbuilding (Holdings) Ltd. (SGX:BS6) and IVE Group Limited have both seen significant retail investor ownership. The retail investors of both companies hold a substantial portion of the shares, with Yangzijiang Shipbuilding at 43% and IVE Group at 56%. This suggests that these investors stand to gain or lose the most from their investments in the respective companies.

For Yangzijiang Shipbuilding, its largest shareholder is YZJ Settlement Julius Baer Trust Company, owning 22% of shares outstanding. Lido Point Investments Ltd. and T. Rowe Price Group, Inc. follow as the second and third largest shareholders with 10.0% and 7.0% of the shares respectively. Private companies make up another 32% of the company's shareholders.

Institutions also have a presence on Yangzijiang Shipbuilding's share registry, owning a respectable stake in the company. This implies some credibility amongst professional investors, although it is noted that institutions sometimes make poor investment decisions which can lead to a rapid drop in share price.

For IVE Group, Geoff Selig, the company's Top Key Executive, holds the most number of shares at 5.7%. Anthony Young and Castle Point Funds Management Ltd. are the second and third largest shareholders with 4.9% and 4.6% of shares respectively. Individual insiders account for 21% of the company's stockholders.

Institutional investors are also present on IVE Group's share registry, indicating a degree of credibility in the investment community for the company. However, caution is advised as simultaneous sell-offs by large institutional investors can result in a significant share price drop.

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Private companies own 10% of IVE Group stock, but further investigation is needed to identify the parties behind these private companies. Insiders maintain a significant holding in IVE Group Limited, owning AU$61 million ($1 = AUD1.5586) worth of shares in the AU$286 million company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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