Yangzijiang Shipbuilding (SGX:BS6) has announced that it is exploring the possibility of spinning off its investment segment, with the intention of separating its core shipyard business segment from its investment segment. With the shipyard segment securing the largest order in history for 124 vessels worth US$7.41 billion in 2021 and carrying a sizeable order book of US$8.86 billion for 165 vessels, Yangzijiang is taking the opportunity to consider its options to unlock value and restructure its organisation for future growth. The objective is to create a leading Asia Investment Manager with funds and asset management capabilities. This will allow Yangzijiang to build a more efficient capital allocation structure by focusing its capital appropriately. The transaction is proposed to be carried out in two parts. First, it will transfer the existing investments to a newly incorporated entity with the appropriate structure that would allow it to carry out its objectives. Second, it intends to list this entity on a suitable stock exchange...