Evergreen Marine announced on December 11 that in response to business needs and diversified development to expand its global layout, the board of directors of its subsidiary Evergreen Asia approved that its two joint ventures would purchase and develop real estate in the United States East from Evergreen America for a total investment of US $153 million (about NT $4.974 billion).

Evergreen Asia, a subsidiary of Evergreen Marine, intends to acquire two real estate properties located in Jersey City, East United States, from Evergreen USA, Inc. for US $42.2 million and US $110.8 million, respectively, for a total value of US $153 million and subsequent development.

Wu Guanghui, general manager of Evergreen Shipping, pointed out that considering the large fluctuations in the shipping market, the relatively stable profit from investing in real estate, the location, environment and rental market of Jersey City are high-quality investment targets, and the diversified investment management can moderately disperse the risks of the industry, after the evaluation of its subsidiary Evergreen Asia, we decided to participate in the land purchase and development case. It intends to use its two joint ventures to purchase and develop two real estate properties in the East of the United States.

Evergreen Shipping profit performance is excellent, cumulative consolidated revenue in the first three quarters of 347.756 billion yuan, an annual increase of 67.98%, net profit after tax 108.754 billion yuan, an annual increase of 239.4%, gross margin of 39%, per share net profit of 50.68 yuan, with cash on hand, active diversification management, recently also announced to strengthen the global terminal layout.

Evergreen has also signed a partnership agreement with Singapore's Port Group (PSA) to jointly invest in the establishment of a container terminal and establish a new company, in which Evergreen will hold a 49% stake.

After the global port congestion storm, the long queue of container ships highlights the competitiveness of terminals. The layout of global container terminals has entered a new round of competition, and Evergreen continues to increase the layout of container terminals around the world. Evergreen Shipping and Port Singapore (PSA) have signed a joint venture to invest in the Port of Singapore container terminal to enhance their operational efficiency and capacity.