Taiwan’s loss-making container line Yang Ming has raised more money through a stock offering.
It said in a stock exchange release that it had sold 161m shares at TWD 10.48 each, for a total of TWD 1.69bn ($54.37m).
Last month, the owner said it could draw on a state fund as it prepares to recapitalise in the downturn.
The company can access a $1.9bn
