SEOUL, Oct. 14 (Korea Bizwire) — Jeju Air Co., South Korea’s biggest budget carrier, said Thursday it will raise 127 billion won (US$107 million) by selling stocks in preparation for the post-coronavirus era. Jeju Air plans to issue 11.26 million shares at 18,350 won per share to employees and existing shareholders from Oct. 18-19 and [...]
SEOUL, March 12 (Korea Bizwire) – Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said Monday that it has raised 1.23 trillion won(US$1.15 billion) in a rights issue. The new shares are set to be listed on the country’s main bourse on March 27. Hyundai Heavy said it will use about 820 billion won in improving its financial status and spend the remainder in research and development for eco-friendly and smart vessels. [...]
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 [...]