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Wan Hai will invest in Taipei

Wan Hai will invest in Taipei

Taipei: Leading intra-Asia firm Wan Hai has decided to invest in Taipei Port Container Terminal Corp by buying 37.5 million units of shares at a price of NT$10 per unit, totaling at NT$375 million. Wan Hai Lines posted revenues at NT$4.825 billion in February, a rise of 38.08%. The new Taipei facility is designed to ease pressure at bottlenecked Keelung to the northeast. [01/04/08]

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