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]