Yang Ming to offer shares amid weak cashflow
Yang Ming will attempt to raise funds to replenish working capital and support capital expenditures. Taiwan Ratings had expected the carrier’s capital expenditure to peak this year at the time when cashflow generation has been weakened by the coronavirus crisis
Taiwanese shipping lines raised more than $250m from share offerings in 2017, with the Taiwanese government being the largest subscriber to lift the company out of a serious financial trouble
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