LG Display shares plummeted 7 percent after announcing plans to raise $1 billion through new share issuance, raising doubts about its financial stability.
Hanwha Ocean's board of directors approved a 2 trillion won ($1.49 billion) capital increase on Wednesday via an issuance of new shares to bolster its maritime defense business in the overseas market.
Hanwha Ocean is considering raising 2.5 trillion won ($1.9 billion) by issuing new shares to potentially facilitate investments and address its debt ratio.
Heungkuk Life Insurance said it has sufficient liquidity to pay off the money it borrowed to redeem bonds last month, and that its recent decision to raise capital was to comply with a regulatory recommendation.
Toss Bank board members decided to raise capital by issuing new stocks worth 100 billion won ($75 million), the company announced Thursday.
Doosan Infracore’s plan to issue 800-billion-won ($684 million) in new shares is being met with a wide range of opinions from analysts.
Korean Air Lines shareholders on Wednesday approved a revision to the company's articles of association to allow for an increase in the number of shares issued, a move necessary for the acquisition of Asiana Airlines.
Hanwha Solutions, a leading renewable energy and chemical company, will raise 1.2 trillion won ($1.1 billion) by issuing new shares in a move to support its solar power business.
Korea JoongAng Daily Sitemap
