21.07.2015 - Neptune: No Decision on Container Shipping Line Sale
Container-ship operator Neptune Orient Lines Ltd. said it hasn’t yet made any decision regarding a potential sale and is focused on returning its core liner business to profitability. The Wall Street Journal had reported last week that Singapore state-investment company Temasek Holdings Pte. Ltd. had put the struggling $1.7 billion container-shipping company up for sale, citing people familiar with the situation. “The company has a duty to consider its options to maximize shareholder value as part of its conduct of normal business,” Neptune said in a filing to Singapore Exchange late on Sunday...............................................Full Article: Source
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