Daewoo Shipbuilding & Marine Engineering to sell shares to raise capital

Daewoo Shipbuilding & Marine Engineering-capital increase

Daewoo Shipbuilding & Marine Engineering to sell shares to raise capital

SEOUL, Sept. 26 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co.on Monday announced that it will sell stock to raise capital.

According to a regulatory filing, the company will issue some 104.43 million common shares at a price of 19,150 won per share. The stock will be sold to the investors that the firm designated.

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