SEOUL, Aug. 23 (Korea Bizwire) — Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday it will raise 2 trillion won (US$1.5 billion) via a rights offering to secure funds for facility investments and other purposes. Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co. (DSME), will issue some 89.48 million common shares at a [...]
SEOUL, June 24 (Korea Bizwire) — SK Innovation Co., South Korea’s leading energy company, said Friday it will raise 1.18 trillion won (US$901 million) by issuing new shares, in an effort to secure funds for investment in green energy. The board approved the plan to sell 8.19 million common shares, or 8.7 percent of the [...]
SEOUL, Nov. 18 (Korea Bizwire) — Lotte Chemical Corp. said Friday it plans to raise 1.1 trillion won (US$824.4 million) in a rights offering as part of efforts to secure funds for its acquisition of a local copper foil maker. Lotte Chemical will issue 8.5 million common shares at a price of 130,000 won per [...]
SEOUL, Dec. 6 (Korea Bizwire) — Samsung Heavy Industries Co., one of the world’s leading shipbuilders, said Wednesday that it will raise 1.5 trillion won (US$1.3 billion) in a rights issue by May to improve its financial status. The capital increase “is aimed at paying corporate bonds and other debts maturing in 2018, as well [...]