Wisdom Marine Lines S.A. announced that it has received $26.73 million in funding from Wisdom Marine Lines Co., Limited
January 19, 2017
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Wisdom Marine Lines S.A. announced a private placement of 26,727 common shares at $1,000 per share for gross proceeds of $26,727,000 on January 20, 2017. The transaction included participation from returning investor Wisdom Marine Lines Co., Limited (TSEC:2637) to retain 100% stake in the company. The transaction has been approved by the board of directors of the investor.
Wisdom Marine Lines Co Ltd is a Taiwan-based company mainly engaged in the ship leasing and marine transportation business. The Company operates long-term charter, short-term charter and management business, international maritime transportation business, ship related management and maintenance business, shipping agency business and ship trading business. The fleet includes bulk ships, timber carriers, double-deck ships, multi-purpose ships and container ships of various tonnage. It mainly transports bulk materials. The ships are mainly leased to customers in Japan and Europe, and the routes cover Southeast Asia, India, China, Middle East, Africa, South America and other regions.
WISDOM MARINE LINES CO., LIMITED (CAYMAN) 
