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FINWIRES

Yangzijiang Maritime Development Secures Vessel Lease Agreements Worth Nearly $90 Million

-- Yangzijiang Maritime Development (SGX:8YZ) secured lease agreements covering 13 vessels worth $89.8 million, according to a Tuesday filing with the Singapore Exchange.

Shares of the ship chartering and finance company were up over 2% in Wednesday trading.

The lease periods range from one year to eight years. The deals are expected to provide recurring income to the company.

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