Independent journal on economy and transport policy
07:21 GMT+2
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financial Yang Ming anticipates a reorganization plan
Previewed an increase of the consistency of the quota vital prisoner from the government
January 23, 2017
The shipowning society taiwanese financial Yang Ming Marine Transport Corporation has introduced today a plan of reorganization that previews an injection of capital by new investor, with a first tranche - it has explained the company - brought from governmental institutes and private investor, between which banks and institutions financial institutions, in confronts of which Yang Ming will emit new sets in action.
The performance of the recapitalization plan will determine an increment of the participation of the government of Taipei, than currently it stops 33.31% of the navigation company through the Communication and Ministry of Transportation. Explaining that the presentation of own plan of reorganization follows the announcement of the government to invest 1,9 billion dollars in support of the field of the shipping, Yang Ming has specified that the Ministry is a strong supporter of the performance of this plan of recapitalization.
Finding that in this first part of the 2017 signs of improvement in the market are caught a glimpse in which work the company, Yang Ming has rimarcato of being disposed "to assume all the measures necessary in order to maintain own competitiveness, without to sacrifice the dedication in confronts of own customers".
Moreover the taiwanese company has reassured customers and suppliers about the fact "that Yang Ming is not defaulting regarding its obligations financial and any information that suggests it - it has emphasized - is evidently false". Moreover Yang Ming has evidenced not to never have faced with own creditors some demand for restructure of own debit and not to have some intention to make it in future.
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The shipowning society taiwanese financial Yang Ming Marine Transport Corporation has introduced today a plan of reorganization that previews an injection of capital by new investor, with a first tranche - it has explained the company - brought from governmental institutes and private investor, between which banks and institutions financial institutions, in confronts of which Yang Ming will emit new sets in action.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
