Hanjin Heavy Industries & Construction (HHIC) in the Philippines is aiming to boost working cash through a share issue.
The Philippines-based shipbuilder said it would issue shares worth KRW 246.4bn ($220m) to increase paid-in capital, the Asiasis website reported.
It views this as a quick, low-cost way of raising funds.
The deal is taking place as a debt for equity swap to decrease its outstanding bonds, it said.
The
