© Philippilosian |yang ming_53779592
© Philippilosian

“Every little helps” – this motto perfectly sums up the outcome of Yang Ming’s latest fundraising round.

Let’s set the record straight: this week was very important for the container shipping industry, because the Taiwanese carrier – one of the weakest links in the container supply chain, based on financial fundamentals – proved to be able to raise NT$6bn ($198m) in new equity capital, with reports suggesting the deal was oversubscribed after launching at NT$5bn ($165m).

Yang Ming rights issue, press ...

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