Greater China

Yang Ming sells 12.5% equity in KMCT

Taipei: Yang Ming Marine Transport announced that it will sell 12.5% equity in Kao Ming Container Terminal.

NYK Holdings and Japan Container Terminals will spend $45m and $11.25m to get 10% and 2.5% of the equity respectively.

Yang Ming will get $26.93m benefit from the disposal. [04/11/13]

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