Korean shipowner Hyundai Merchant Marine (HMM) is lining up a share sale worth KRW 693.6bn ($614.4m) to finance vessel and terminal investments.
The company said on Friday it will sell 120m shares in two issues of KRW 400bn and KRW 293.6bn.
There are 191.8m shares outstanding currently.
HMM said the purpose of the deals was to strengthen its mid to long-term cost competitiveness and invest in ships and ports.
