The cash-strapped Korean owner this week unveiled plans totap investors for KRW 240bn ($215m), or around 10% of its current market cap.
It followed up the next day with a further $140m raised froman asset-backed securities sale.
As a result the company will not follow through with a planannounced in May to sell convertible bonds, HMM said in a stock exchange filingtoday with giving any further details.
