YM Mobility: report blames thermal runaway for reefer explosion
Late last week saw the release of a much-anticipated report on the explosion and fire ...
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 ...
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