World News
Singapore's Yujin Withdraws Delist from London AIM
Yujin International Ltd. [LON:YUJ] (YIL) says it has withdrawn its proposal to delist from the London Stock Exchange's AIM market.
The Singapore-based shipping company said last month it had planned to propose the delist to shareholders as it no longer sees selling stock as a useful route for raising funds, and has concerns over limited trading in the company's shares which are at a price that does not reflect the value of the underlying business.
However since the announcement, YIL said it has been approached by a potential strategic partner who had asked for the opportunity to discuss a possible investment with the company that would entail it maintaining its listing on AIM.
YIL said a further announcement will be made in due course, declining to give any details of when the discussions might take place.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 649.00 | 0.00 | 770.00 | 5.00 |
| Rotterdam | 602.50 | 1.00 | 762.00 | 2.50 |
| Houston | 630.50 | 4.00 | 796.50 | 2.50 |
| Fujairah | 648.50 | 0.50 | 900.00 | 4.50 |
| Global 20 Ports Average | 666.00 | 2.00 | 856.00 | 1.00 |
| Global 4 Ports Average | 632.50 | 0.50 | 807.00 | 1.00 |
| Global Average Bunker Price | 715.50 | 1.00 | 893.00 | 8.00 |
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