However, based on its closing price of NT$244 in Taipei trading yesterday, it could raise at least NT$2 billion from the share offering, it said. The Yang Ming Marine Transport Corp container ship YM Continuity is moored in Kaohsiung on June 25. “We cannot forecast or guess how Yang Ming’s share price will fluctuate in the future,” T3EX said. In the first quarter, T3EX saw its unrealized profits increase as the share price of Yang Ming, in which it owned about 20 million shares, climbed. Despite T3EX’s pulling out, Yang Ming yesterday raised NT$29.12 billion from its 160 million common share issue, it said in a filing with the stock exchange.

Source: Taipei Times July 16, 2021 15:56 UTC