STX Heavy Industries Eyes Capital Increase

South Korean STX Heavy Industries has decided to launch a new capital increase scheme that will involve share offering and debt to equity conversion.

The offering will see a total of 171, 495 of common stock issued at KRW 25,000 per share.

The new shares are expected to be listed on February 1, 2018, the company said in a regulatory filing.

STX Heavy Industries, which specializes in the design, manufacturing, and selling of diesel engines and other equipment for ships, went into court receivership in August 2016.

The company suffered a major financial blow due to the shipbuilding industry slump.

The engine manufacturer’s prospects worsened even further when its parent STX Offshore & Shipbuilding went into court receivership in 2016. The parent company accounted for the bulk of the company’s sales.

World Maritime News Staff

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

Ocean Energy Europe Conference & Exhibition 2018

The annual Ocean Energy Europe Conference & Exhibition is the meeting point for the whole ocean energy sector…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Bringing together the key LNG buyers and sellers from across the globe, the Summit provides…

read more >

Offshore Energy Exhibition & Conference (OEEC)

It is unique in bringing together the oil and gas, offshore wind and marine energy industry…

read more >