First Steamship S.A. announced that it has received $32.40 million in funding from First SteamShip Co., Ltd.
January 28, 2013 at 11:00 pm
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First Steamship S.A. announced that it will raise $32,400,000 in an equity round of funding on November 13, 2012. The company will issue 324 shares at $100,000 per share. The round will see participation from existing investor, First SteamShip Co., Ltd. The transaction was approved by the board of directors of the company.
On January 29, 2013, First Steamship S.A. closed the transaction.
First Steamship Company, Ltd. is a Taiwan-based company principally engaged in sea transportation businesses and the operation of department stores. The Company operates through two segments. Sea Transportation segment is engaged in the provision of international transportation services of bulk cargo and ship chartering services. It focuses on cereals, ore sands, coal and fertilizer, among others. Ships under the Company include Ever Blossom, Ever Shining, Ever Excellent and Ever Leader, among others. Department Stores segment is engaged in retailing businesses in Mainland China. It provides apparels, jewelry products, cosmetics products, footwear products, sports supplies and home appliances, among others.
FIRST STEAMSHIP CO., LTD. 
