Yang Ming to invest in newbuilds and staff as new chairman gets to work
Yang Ming’s new chairman, Tsai Feng-ming, has said that the Taiwanese mainline operator’s fleet plans ...
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By Mike Wackett
In its first update since the carrier’s “don’t panic” message to customers and service providers on 24 April, Yang Ming has advised that its shares will resume trading again on the Taiwan stock exchange from Thursday.
It said it expected that its shares would trade at twice their value prior to the suspension on 20 April.
However, Yang Ming is still not prepared to confirm the identities of its new investors, which it said it would not be announcing until the second stage of its recapitalisation is completed next month.
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