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FINWIRES

Evergreen Marine to Buy Containers Worth Up to $65.5 Million

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Evergreen Marine Corp Taiwan (TPE:2603) board approved the acquisition of 18,000 brand-new containers for a total consideration of up to $61.5 million, according to a Thursday Taiwan Exchange filing.

Shares fell over 5% in Friday's midday trade.

The containers will be supplied by Evergreen Heavy Industrial Corp (Malaysia), a related party.

The company will use the containers for operational purposes.

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