SEOUL, Aug. 23 (Yonhap) — Hanwha Ocean Co. declared on Wednesday that it is going to issue stock to acquire 2 trillion won(US$1.5 billion). The money gained from the stock sale will mainly be used to finance its projects.
As stated in a regulatory filing, the company will release around 89.48 million common shares at a price of 22,350 won per share. The stock will be sold to the company’s shareholders.
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