ASEAN Finance / Yulon's Singapore Subsidiary Resolves to Distribute $20 Million in Cash Dividends

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(Taipei, July 17) — Yulon, a bulk shipping operator, announced today on behalf of its key subsidiary, Yulon Shipping (Singapore) Pte Ltd, that the board of directors has resolved to distribute cash dividends for the fiscal year 115 amounting to USD 20 million.

Yulon's core business includes vessel transportation, vessel trading, and ship agency services. Headquartered in Taiwan, the company operates globally with investments in Yulon Shipping (Singapore) Pte Ltd and Yulon Shipping (Hong Kong) Co., Ltd. In 2011 (Year 100 of the ROC calendar), it established Yulon (Xiamen) International Ship Management Co., Ltd. to deepen its presence in the mainland Chinese market.

Yulon reported June revenue of NT$1.715 billion, a year-on-year increase of 35.52%. Its total revenue for the first half of the year reached NT$8.905 billion, up 26.3% compared to the same period last year.

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