---
title: "Yangtze River Shipbuilding acquired 10% equity in Poseidon for USD 826 million | Lianhe Zaobao"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/278584152.md"
description: "Yangtze River Shipbuilding acquired a 10% stake in Poseidon for USD 826 million. Poseidon wholly owns Seaspan Corporation, which is an important client of Yangtze River Shipbuilding. This acquisition will strengthen the strategic relationship with the client and support long-term cooperation. The acquisition price is higher than the valuation of the stake by an independent financial advisor, which the board believes is reasonable and in the company's interest"
datetime: "2026-03-10T15:47:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278584152.md)
  - [en](https://longbridge.com/en/news/278584152.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278584152.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/278584152.md) | [English](https://longbridge.com/en/news/278584152.md)


# Yangtze River Shipbuilding acquired 10% equity in Poseidon for USD 826 million | Lianhe Zaobao

The main board listed company Yangzijiang Shipbuilding on the Singapore Exchange announced on Tuesday evening (March 10) that it has signed a contract to acquire a 10% stake in the Marshall Islands registered company Poseidon Corp for USD 825.7 million (SGD 1.05 billion).

Poseidon fully owns Singapore's Seaspan Corporation, which is an important long-term customer of Yangzijiang Shipbuilding. This customer owns and operates a container shipping leasing business, with its vessels primarily leased long-term to major container shipping companies.

The board of Yangzijiang Shipbuilding believes that this acquisition will strengthen the group's strategic relationship with this customer and support closer long-term cooperation. The acquisition price is higher than the independent financial advisor's valuation of this customer's 10% stake, which was estimated to be between USD 660.6 million and USD 810.9 million. Considering the broader strategic and commercial benefits, the board believes the acquisition price is reasonable and in the overall interest of the company and its shareholders.

#### Further Reading

Yangzijiang Shipbuilding's performance shines with a 24.6% year-on-year increase in net profit for the second half of 2025 Yangzijiang Shipbuilding has received USD 2.2 billion in orders so far this year, far lower than USD 11.6 billion in the same period last year

It also disclosed that the executive chairman and CEO of Yangzijiang Shipbuilding, Ren Letian, owns and controls a private investment company, Hengyuan Asset Investment Limited, which will also acquire a 5% stake in Poseidon. However, this is unrelated to Yangzijiang Shipbuilding's acquisition of the 10% stake, and the two transactions are independent of each other. The Singapore Exchange has also agreed that this is not a related party transaction.

Yangzijiang Shipbuilding's stock price fell 1.22% on Tuesday, closing at SGD 4.05, making it the only declining stock in the Straits Times Index

### 相關股票

- [Poseidon Nickel Limited (POS.AU)](https://longbridge.com/zh-HK/quote/POS.AU.md)

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