Yang Ming Marine Transport chairman Cheng Cheng-mount said at an investors’ conference on 11 May that the company wants to diversify into other industries through co-operation and investments.
He said that the company suffered losses in recent years and there is a need to maintain financial stability. Cheng was speaking the day before Yang Ming announced a Q1 net profit of TW$24.59 billion (US$862.4 million), reversing a net loss of TW$755.34 million (US$24.97 million) in the first quarter of...
https://container-news.com/yang-ming-to-diversify-business-scope/