Reported 12 months ago
Tai Hwa Investment Holding, a major shareholder in the shipping industry, has announced two purchases of Evergreen Marine Corp within a month in hopes of acquiring external business profits. The company bought 1,550 and 1,800 shares of Evergreen Marine Corp between May 8 to June 3, and June 11 to July 1, at average prices of 202.59 and 199.41 yuan per share, respectively. With an optimistic outlook for the third quarter of the shipping industry, Tai Hwa believes in benefiting from factors such as escalating global trade tensions and increased demand for stockpiling goods due to economic recovery in Europe and the United States.
Source: YAHOO