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Samsung Heavy Industries seeks capital increase of W1tr
By Korea HeraldPublished : June 27, 2016 - 13:42
[THE INVESTOR] Samsung Heavy Industries is seeking to gain approval to issue new shares worth some 1 trillion won (US$842 million) at a board meeting scheduled for June 27.
In the meeting, the cash-strapped shipbuilder will propose modifying the articles of association, to prepare for the paid-in capital increase.
On June 8, the company said a specific timeline for the capital increase, and the amount, will be confirmed following corporate consulting and its current fund availability.
By Park Han-na (hnpark@heraldcorp.com)
In the meeting, the cash-strapped shipbuilder will propose modifying the articles of association, to prepare for the paid-in capital increase.
On June 8, the company said a specific timeline for the capital increase, and the amount, will be confirmed following corporate consulting and its current fund availability.
By Park Han-na (hnpark@heraldcorp.com)
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Articles by Korea Herald
