2000-08-24 18:27
Namsung Shipping Takes over Tongyoung Shipping
Namsung Shipping, a Korean Line operating in intra-Asian trade, purcha
sed half of Tongyoung from Choyang Shipping. Tongyoung's stocks had be
en shared with Choyang and Swire, each of them possessing 50 percent.
When the financial transactions are complete, Tongyoung will be handed
over to Namsung Shipping. Tongyoung will continue with its current ex
ecutive group and employees, and will also continue to offer its own s
ervices.
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