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National Team Acquires Container Shipping Stocks! Wan Hai and Yang Ming Add Up to 25,000 Shares

National Team Acquires Container Shipping Stocks! Wan Hai and Yang Ming Add Up to 25,000 Shares

According to recent reports, the Taiwanese stock market saw a decline in the weighted index by 304.94 points, closing at 21,347.3 points for the week (May 26–29). However, the national investment team actively purchased stocks of the three major container lines, acquiring a total of 25,000 shares, which includes 21,000 shares of Wan Hai (2615) and 4,403 shares of Yang Ming (2609).

On May 29th, Wan Hai's shareholder meeting approved a dividend payout of NT$3.5 per share, totaling approximately NT$9.8 billion to return to shareholders. The company maintains a positive outlook on the long-term development of the shipping market and is actively expanding its global transport network. Meanwhile, Yang Ming's shareholder meeting also authorized a dividend of NT$7.5 per share, which translates to a yield of 9.42% based on the closing price of NT$79.6 on May 29.

The good performance of both companies is closely tied to the rising demand in the market, especially with expectations for gaining long-term contracts in the U.S. market.