The Board of Yang Ming Made a Resolution about the Pricing of 2nd Private Placement
Yang Ming's Board of Directors met on 29th November and approved its second private placement plan by issuing 257,753,442 new shares at premium of NTD$10.18 per share, and accumulated total amount of NTD 2.62 billion. The record date of the private placement of common shares in the capital increase is temporarily set on 8th December, 2017.
In compliance with Article 43-6, Security and Exchange Act. the *NDFEY will be Yang Ming’s main subscriber in this private placement. With the completion of rights offering on 27th this month, the shareholding ratio of Government-related shareholders of Yang Ming will reach 45.07%.
*NDFEY: National Development Fund. Executive Yuan
Sources: Yang Ming Marine Transport Corporation
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