New water play .... Ren of Yangzijiang is among those taking up placement.
Newyard is an investment holding company wholly owned by Ren Yuanlin, the Executive Chairman of Yangzijiang
Shipbuilding (Holdings) Ltd., a company incorporated in
Singapore and listed on the Mainboard of the SGX-ST.
In 2012, Mr. Ren donated US$40.307 million to establish the Jiangsu Yuanlin Charitable Fund, which focuses on philanthropy for the elderly. Mr. Ren was awarded “Entrepreneur of the Year (Mainland China)”
by Ernst & Young in 2011 and “China Charity Award” in
2012.
