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NYK Line to Enter Dalian City Region Business Arena.


Tokyo, Japan, Apr 14, 2006 - (JCN JCN Japan Corporate News
JCN Journal of Cognitive Neuroscience
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) - NYK NYK New York Knicks
NYK Nippon Yusen Kaisha (shipping company)
NYK Not Yet Known
 Line (Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. ), a subsidiary of Nippon Yusen Kabushiki Lines, announced their intent to purchase almost 115 million H-shares of Dalian Port (PDA (Personal Digital Assistant) A handheld computer for managing contacts, appointments and tasks. It typically includes a name and address database, calendar, to-do list and note taker, which are the functions in a personal information manager (see PIM). ) - 4.1% of the company's share capital - at a cost of approximately US $38 million.

The NYK Group, as the company's largest strategic investor, sees this investment as a way to gain a significant foothold in Dalian City as it seeks to further develop business opportunities there.

Copyright [c] 2006 Japan Corporate News Network. All rights reserved.
COPYRIGHT 2006 Japan Corporate News Network K.K.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:JCNN News Summaries
Date:Apr 17, 2006
Words:87
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