Korea Line Corp (KLC) is looking to fill its coffers with the planned sale of new shares.
The South Korean tanker and bulker owner has its eye on raising over $100m for working capital purposes through the proposed sale.
Four million shares are expected to bring in KRW 126.4bn ($112.2m), according to a regulatory filing from the Seoul-based company.
KLC has a sizeable newbuilding programme to fund.
