GCTL8.com (FocusAsia Media Ltd)

TAIWAN, Jan 25 (FAM) – New investment, a share of a $1.9bn credit line and a bigger ownership stake for the Taiwanese government all feature in Yang Ming Marine’s financial recovery plan, as the company attempts to return to profit after losing around $667m in less than two years.

The CKYHE alliance member announced the Taiwanese government and private investors would pour capital into the company, while Yang Ming would in turn issue new stock to these investors, according to a plan approved by company shareholders on December 22, 2016.

 

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