Wisdom Marine Lines has raised TWD 400m ($13.3m) by selling new shares to fund its orderbook as the Taiwanese bulker owner stays on track with its expansion plans.
The Taipei-listed shipowner said the newly issued shares were priced at TWD 21.3, lower than the closing price of TWD 22.55, according to an exchange filing on Thursday.
“The money will be used to fund out fleet expansion as we continue to take delivery of our newbuildings,” Wisdom Marine said.
