<article>South Korea&#8217;s Hyundai Heavy Industries Co Ltd said on Tuesday it plans to raise 906.5 billion won ($843 million) with its new share issue, less than a previous target of about 1.3 trillion won.</article>

South Korea&#8217;s Hyundai Heavy Industries Co Ltd said on Tuesday it plans to raise 906.5 billion won ($843 million) with its new share issue, less than a previous target of about 1.3 trillion won.
The shipbuilder said in a regulatory filing that the new shares would be priced at 98,800 won per share.
Shares in Hyundai Heavy, which tumbled in late December after it announced the share issuance plan to bolster its balance sheet, surged 7 percent on Wednesday.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/hyundai-heavy-plunges-record-sale-plan-89299/">Hyundai Heavy Industries plunges by record on $1.2b sale plan</a>
Reuters
&nbsp;

The new 906.5 billion-won fundraising goal from the share issuance is lower than a previously announced target of 1.3 trillion won.

Hyundai Heavy lowers fundraising target from share issue to $843m

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Hyundai Heavy lowers fundraising target from share issue to $843m

Continue reading this premium story with a subscription to DealStreetAsia.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief