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

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

A ship sits under construction in a dry dock at the Hyundai Heavy Industries Co. shipyard in Ulsan, South Korea, on Sunday, April 23, 2017. Photographer: SeongJoon Cho/Bloomberg

South Korea’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.

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