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소아쌤

[Market Now] Doosan Bobcat issues new shares to improve finances

By Korea Herald

Published : May 4, 2016 - 16:16

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Korean construction machinery manufacturer Doosan Infracore said that its subsidiary Doosan Bobcat has decided to offer 1,354 new shares worth 617.2 billion won ($535 million) to affiliate Doosan Engine.

The proceeds from share issuances will be used to improve Bobcat’s finances, Doosan Infracore said in a public disclosure.


Doosan Bobcat, a construction equipment maker, is wholly owned subsidiary of Doosan Infracore. Doosan Heavy Industries & Construction, an infrastructure giant, is the biggest shareholder of Doosan Engine, an internal combustion engine maker, and Doosan Infracore. Bobcat’s auditor is EY Han Young.

By Kim Yoon-mi (yoonmi@heraldcorp.com)

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