Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  TAIWAN STOCK EXCHANGE  >  Yang Ming Marine Transport Corp.    2609   TW0002609005

YANG MING MARINE TRANSPORT CORP. (2609)
Mes dernières consult.
Most popular
  Report  
SummaryNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Yang Ming Marine Transport : Announces the Completion of Rights Offering

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/27/2017 | 04:32am CEST

Yang Ming Marine Transport Corp. (YM) announces today that it has completed the rights offering by issuing 500 million new shares at premium of NTD$12 per share, and accumulated total amount of NTD 6 billion.

The company began to float new shares in the public sector in September 2017. Besides the original shareholders, it was open to ordinary investors, including insurance institutions, and container stevedoring and transport companies etc. Their strong response indicates private enterprises are optimistic over the future market. After this rights offering, the shareholding ratio of Government shareholders of Yang Ming, including *MOTC, *NDFEY and *TIPC, will reach 38.23%. In addition, the private placement of capital increase which has been passed in 2016 shareholders' meeting is also on going steadily and is expected to be completed by the end of this year.

The improvement of business management and warming-up of market have boosted investors' confidence, Yang Ming says.

With the support from shareholders and the improved financial structure after the rights offering, the company vows to continue the strategy of opening new sources of revenue and reducing expenditures. It will work out various plans to make the performance of its fleet more effective and expand its service network throughout the world. At the same time, it will, in keeping with the government's New Southbound policy to find more partners to jointly develop investment projects in the realm of logistics striving toward the goal of making Yang Ming a still better marine transport company of the world.

*MOTC: Ministry of Transportation and Communications
*NDFEY: National Development Fund, Executive Yuan
*TIPC: Taiwan International Ports Corporation

Yang Ming Marine Transport Corporation published this content on 27 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 November 2017 03:31:08 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on YANG MING MARINE TRANSPORT
07/06YANG MING MARINE TRANSPORT : THE Alliance Announces Asia-North America West Coas..
PU
07/05YANG MING MARINE TRANSPORT : Charters 10 New Ships
PU
06/15YANG MING MARINE TRANSPORT : Wins the 2017 Blue Circle Awards From Vancouver Fra..
PU
06/06YANG MING MARINE TRANSPORT : Update regarding the containers fall off YM Efficie..
PU
06/02YANG MING MARINE TRANSPORT : statement regarding the containers fall off YM Effi..
PU
05/17YANG MING MARINE TRANSPORT : Wins Best Shipping Line – Intra-Asia Award
PU
05/11YANG MING MARINE TRANSPORT : Reports Its Financial Status for 2018 Q1
PU
04/26Maersk CEO Calls For End to Shipping Subsidies
DJ
04/16YANG MING MARINE TRANSPORT : Upgrades Southeast Asia Service
PU
02/22YANG MING MARINE TRANSPORT : YM Offers Korea-Vietnam/Thailand Service
PU
More news
Financials (TWD)
Sales 2018 135 B
EBIT 2018 -6 555 M
Net income 2018 -7 262 M
Debt 2018 68 371 M
Yield 2018 -
P/E ratio 2018 -
P/E ratio 2019 10,87
EV / Sales 2018 0,66x
EV / Sales 2019 0,56x
Capitalization 21 116 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 8,00  TWD
Spread / Average Target -12%
EPS Revisions
Managers
NameTitle
Vincent Lin President, GM & Chief Operating Officer
Chih Chien Hsieh Chairman
Wen Tsao Huang Chief Financial Officer
Jung Kuei Wu Director
Jin Ru Yen Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
YANG MING MARINE TRANSPORT CORP.685
AP MOLLER-MAERSK-23.75%25 753
BOLLORÉ-14.66%13 019
HAPAG-LLOYD AG-4.48%6 615
ORIENT OVERSEAS (INTERNATIONAL) LTD3.91%6 255
COSCO SHIPPING HOLDINGS CO LTD-32.64%6 250