{"id":1899,"date":"2017-05-03T22:33:53","date_gmt":"2017-05-03T15:33:53","guid":{"rendered":"http:\/\/www.vtrlogistics.com.vn\/?p=1899"},"modified":"2017-05-03T22:33:53","modified_gmt":"2017-05-03T15:33:53","slug":"yang-ming-expects-2nd-stage-of-recapitalization-by-june","status":"publish","type":"post","link":"https:\/\/www.vtrlogistics.com.vn\/?p=1899&lang=en","title":{"rendered":"YANG MING EXPECTS 2ND STAGE OF RECAPITALIZATION BY JUNE"},"content":{"rendered":"<p><span style=\"color: #000000;\"><strong>Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) expects to complete the second\u00a0stage of its recapitalization by June 2017.<\/strong><\/span><\/p>\n<p><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter  wp-image-1900\" src=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/05\/4543_V-image001-2.jpg\" alt=\"\" width=\"713\" height=\"481\" srcset=\"https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/05\/4543_V-image001-2.jpg 800w, https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/05\/4543_V-image001-2-300x203.jpg 300w, https:\/\/www.vtrlogistics.com.vn\/wp-content\/uploads\/2017\/05\/4543_V-image001-2-768x518.jpg 768w\" sizes=\"(max-width: 713px) 100vw, 713px\" \/><\/span><\/p>\n<p><span style=\"color: #000000;\">At that time, Yang Ming will be announcing the identities of the investors who participated in this round of issuance, as well as the details of this offering.<\/span><\/p>\n<p><span style=\"color: #000000;\">The announcement was made as the shipping firm informed that\u00a0its shares will resume trading on the Taiwan Stock Exchange on May 4, 2017 in accordance with the company\u2019s\u00a0capital reduction plan.<\/span><\/p>\n<p><span style=\"color: #000000;\">Yang Ming said that it is expected that the shares will trade at a value exceeding twice the value before the voluntary suspension of trading on April 20,\u00a0undertaken in light of Yang Ming\u2019s recapitalization plan which was announced in early 2017.<\/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 earlier said.\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;\">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;\">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 fourth quarter of 2016 to USD 62 million, and that it <em>\u201cremains optimistic for continued improvements into the first quarter of 2017.\u201d<\/em><\/span><\/p>\n<p><span style=\"color: #000000;\">Source:<a style=\"color: #000000;\" href=\"http:\/\/worldmaritimenews.com\/archives\/219191\/yang-ming-expects-2nd-stage-of-recapitalization-by-june\/\"><em>\u00a0http:\/\/worldmaritimenews.com\/<\/em><\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) expects to complete the second\u00a0stage of its recapitalization by June 2017. At that time, Yang Ming will be announcing the identities of the investors who participated in this round of issuance, as well as the details of this offering. The announcement was made as the &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":[969,971,973],"acf":[],"_links":{"self":[{"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1899"}],"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=1899"}],"version-history":[{"count":2,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1899\/revisions"}],"predecessor-version":[{"id":1902,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=\/wp\/v2\/posts\/1899\/revisions\/1902"}],"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=1899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtrlogistics.com.vn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}