{"id":1814,"date":"2017-04-26T23:02:11","date_gmt":"2017-04-26T16:02:11","guid":{"rendered":"http:\/\/www.vtrlogistics.com.vn\/?p=1814"},"modified":"2017-04-26T23:02:11","modified_gmt":"2017-04-26T16:02:11","slug":"yang-ming-halts-share-trading","status":"publish","type":"post","link":"https:\/\/www.vtrlogistics.com.vn\/?p=1814&lang=en","title":{"rendered":"YANG MING HALTS SHARE TRADING"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has voluntarily suspended the trading of its stock on the Taiwan Stock Exchange from April 20 to May 3, 2017.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-1815\" src=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/04\/apl_10_500kb_230916-1024x684-749x500-1-1.jpg\" alt=\"\" width=\"616\" height=\"351\" srcset=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/04\/apl_10_500kb_230916-1024x684-749x500-1-1.jpg 616w, https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/04\/apl_10_500kb_230916-1024x684-749x500-1-1-300x171.jpg 300w\" sizes=\"(max-width: 616px) 100vw, 616px\" \/><\/span><\/p>\n<p><span style=\"color: #000000;\">The suspension is a <em>\u201cstandard procedure\u201d<\/em> amid the company\u2019s recapitalization plan announced earlier this year, according to Yang Ming.\u00a0The recapitalization plan is said to be one of the\u00a0several components of Yang Ming\u2019s comprehensive plan aimed at improving the company\u2019s financial structure.<\/span><\/p>\n<p><span style=\"color: #000000;\"><em>\u201cOur recapitalization plan will initially allow Yang Ming to reduce its equity capital, after which infusion of new capital is then obtained from various private and public investors,\u201d <\/em>the company said.<\/span><\/p>\n<p><span style=\"color: #000000;\">The company did not disclose the identity of its investors saying that it would do so <em>\u201cat the appropriate time\u201d<\/em>.<\/span><\/p>\n<p><span style=\"color: #000000;\">During the pause, Yang Ming\u2019s outstanding issued shares will be reduced to an approximate 1.4 billion shares, with a new share value anticipated to be about two times the share price prior to April 19.<\/span><\/p>\n<p><span style=\"color: #000000;\">Other components of Yang Ming\u2019s plan include measures to improve the company\u2019s operational efficiency and reduce its cost.<\/span><\/p>\n<p><span style=\"color: #000000;\">Furthermore, according to the recent reports from Reuters citing\u00a0a company source, Yang Ming has cut its container service to Iran due to concerns about rising tensions in the country.<\/span><\/p>\n<p><span style=\"color: #000000;\">When contacted, Yang Ming told World Maritime News that it <em>\u201cceased the service to Iran due to loop services adjustment\u201d.\u00a0<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\">In 2016, Yang Ming\u00a0posted a full-year net loss of USD 493 million, significantly widened when compared to a loss of USD 258 million seen in 2015.<\/span><\/p>\n<p><span style=\"color: #000000;\">Nevertheless, due to recent improvements in the shipping sector, along with increased cargo volumes, Yang Ming said that it has cut\u00a0its business loss for the 4th quarter of 2016 to NTD 1.88 billion (USD 62 million), and that it \u201c<em>remains optimistic for continued improvements into the 1st quarter of 2017.\u201d<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\">Source:\u00a0<a style=\"color: #000000;\" href=\"http:\/\/worldmaritimenews.com\/archives\/218398\/yang-ming-seeks-trading-halt\/\"><em>http:\/\/worldmaritimenews.com\/<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has voluntarily suspended the trading of its stock on the Taiwan Stock Exchange from April 20 to May 3, 2017. The suspension is a \u201cstandard procedure\u201d amid the company\u2019s recapitalization plan announced earlier this year, according to Yang Ming.\u00a0The recapitalization plan is said to be &hellip;<\/p>\n","protected":false},"author":2,"featured_media":1811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95,75],"tags":[846,848,844],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1814"}],"collection":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1814"}],"version-history":[{"count":2,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1814\/revisions"}],"predecessor-version":[{"id":1817,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1814\/revisions\/1817"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/media\/1811"}],"wp:attachment":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}