News / TIPC cashes in with Yang Ming share sale after learning investment lesson

Lee Hsien Yi Photo: TIPC

Yang Ming’s third-largest shareholder, state-owned Taiwan International Ports Corporation (TIPC), is to retain at least 150 million shares in the liner operator.

TIPC announced on Sunday that, after selling 1.5m Yang Ming shares for $53.1m, it would retain 176.9m shares, bringing its stake to just under 5.5%.

The Ministry of Transportation and Communications and the National Development Fund are Yang Ming’s larger shareholders, with stakes of 13.39% and 13.17%, respectively.

TIPC chairman Lee Hsien Yi said it had acquired the Yang Ming stocks ...