K Line unveils share offer to finance newbuildings
Japanese shipping line Kawasaki Kisen Kaisha saw its share price climb 2.3% to close at ¥305 yesterday after it announced plans to raise nearly ¥34.6bn (US$384.5m) in a new share offer mainly to finance its newbuilding program.
K Line plans to sell up to 126.5m shares in a public offering, including 16.5m shares which will be offered if the initial offer is oversubscribed.
This second tranche will be borrowed from an existing shareholder which will be allotted a...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
