Independent journal on economy and transport policy
01:38 GMT+2
NYK to take over Showa Oct.1
(Cyber Shipping Guide - Ocean Commerce)
March 31, 1998
Japan's leading shipping giant Nippon Yusen Kaisha Ltd. (NYK) and Showa Line Ltd. Friday agreed to merge as of October 1, 1998. Under the merger plan, eight shares in Showa Line will be exchanged for one share of NYK, the surviving entity. Prior to the consolidation, Showa will reduce its capital from current \22.212 billion to \7.773 billion and will be ...... Read more on Cyber Shipping Guide - Ocean Commerce
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