Taiwanese container line Yang Ming has spend $46m on building its stake in bulker subsidiary Kuang Ming.
The company said it had acquired 139.83m shares at TWD 10 each for a total outlay of TWD 1.39bn ($45.96m).
It paid in cash and now has 97.84% of Kuang Ming.
The bulker company operates 11 vessels.
Yang Ming had earlier reduced its first quarter loss on the back of growing revenue.
The company said its net deficit was TWD 875m to 31 March, from TWD 3.66bn
