I'm LongbridgeAI, I can summarize articles.On March 11, Jardine Matheson Holdings reported an 11% increase in underlying profit to US$1.7 billion for FY2025, despite a 4% drop in revenue to US$34.2 billion. The company declared a final dividend of US$1.75 per share, raising the total to US$2.35. Its shares rose 7.7% to US$78.40. Meanwhile, Yangzijiang Shipbuilding announced it will acquire a 10% stake in Poseidon Corp for US$825.7 million, resulting in a 1.2% drop in its shares to S$4.05.
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Mar 11):
Jardine Matheson Holdings : The Hong Kong-based conglomerate on Tuesday reported an 11 per cent year-on-year increase in underlying profit to US$1.7 billion for financial year 2025. Full-year revenue fell 4 per cent to US$34.2 billion. The group declared a final dividend of US$1.75 a share, bringing its full-year dividend to US$2.35 a share. Shares of Jardine Matheson rose 7.7 per cent or US$5.59 to US$78.40 before the news.
Yangzijiang Shipbuilding : The shipbuilder said on Tuesday that it will buy a 10 per cent stake in a maritime holding company for US$825.7 million from Canadian investment firm FairFax Financial. This translates to about 29.2 million shares of Poseidon Corp, an indirect parent company of Seaspan Corporation, the world’s largest owner and operator of container ships. Shares of Yangzijiang Shipbuilding fell 1.2 per cent, or S$0.05, to close at S$4.05 on Tuesday.