Courage Investment Group, the former Courage Marine, is looking to raise up to HKD 71.35m ($9.2m) for vessel acquisitions.
The Hong Kong-listed dry bulk owner plans to issue 548.5m new shares at HKD 0.13 per share to existing shareholders, it confirmed in a regulatory filing.
Courage said the share issue, which is being underwritten by Get Nice Securities Ltd, was an open offer on the basis of one share for every share held.
