Yang Ming Marine Transport has initiated a major personnel reshuffle at the top level after booking provisions totalling almost TWD 1.39bn ($46m) related to two sale-and-leaseback deals.
President Vincent Lin has tendered his resignation, pending approval from the Taiwanese central government, which is Yang Ming’s largest shareholder.
According to exchange filings from the Taiwan-listed container line, vice-president Alice Ho was appointed chief financial officer as Shihchon Lee stepped down.
