Samsung Heavy preps Korea’s largest rights issue

The chaebol's shipbuilding unit could be on the brink of bankruptcy if it fails to complete the $1.5 billion rights offering scheduled for April, analysts say.

Danny Leung

January 29, 2018

Samsung Heavy Industries is turning to existing shareholders for fresh capital for the second time in three years, as the struggling shipbuilder presses ahead with plans to raise W1.6 trillion ($1.5 billion) from what could be biggest rights issue in Korean history.

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