HHI forms underwriting syndicate to accelerate Kospi debut
이 글자크기로 변경됩니다.
(예시) 가장 빠른 뉴스가 있고 다양한 정보, 쌍방향 소통이 숨쉬는 다음뉴스를 만나보세요. 다음뉴스는 국내외 주요이슈와 실시간 속보, 문화생활 및 다양한 분야의 뉴스를 입체적으로 전달하고 있습니다.
HHI named Mirae Asset Daewoo, Korea Investment & Securities and Credit Suisse as its lead underwriters, with KB Securities and Hana Financial Investment joining the syndicate, according to industry sources on Tuesday.
Its parent Korea Shipbuilding & Offshore Engineering said earlier in a disclosure that HHI will issue new shares tantamount to 20 percent of outstanding shares to raise 1 trillion won ($890.7 million) without yielding any shares owned by the parent. The banks estimate the shipyard’s value at 5 trillion to 6 trillion won.
The proceeds will be used to develop eco-friendly vessels run on hydrogen or ammonia and autonomous ships to take a new leap forward to become a global shipbuilder having strengths in environmental, social and governance (ESG) factors. On Wednesday, HHI and Saudi Arabia’s Aramco signed a deal to launch hydrogen and ammonia business.
HHI posted 101.5 billion won in operating profit and 6.3 trillion won in sales from January to September last year on a consolidated basis, while its net loss reached 67.6 billion won. The company’s earnings results for the half of this year would have a huge impact in calculating its IPO value.
A market analyst said HHI is truly the world’s leading shipbuilder, and it needs to promote its new business plan effectively to increase its IPO value.
[ⓒ Maeil Business Newspaper & mk.co.kr, All rights reserved]
Copyright © 매일경제 & mk.co.kr. 무단 전재, 재배포 및 AI학습 이용 금지
- Korea’s LCC newcomer Air Premia ready for takeoff under a new owner - Pulse by Maeil Business News Korea
- Naver’s early invest in Woowa Brothers returns in 10-fold profit - Pulse by Maeil Business News Korea
- MagnaChip Semiconductor up for sale, stoking interest at home and abroad - Pulse by Maeil Business News Korea
- Naver, SoftBank JV to spend $4.7 bn to strengthen AI-based foray across Asia - Pulse by Maeil Business News Korea
- Hyundai Heavy, Aramco team up for green biz based on hydrogen, ammonia - Pulse by Maeil Business News Korea
- 강경준, 상간남 피소…사랑꾼 이미지 타격 [MK픽] - 스타투데이
- K뷰티 열풍에...M&A ‘큰 장’ 섰다
- “결혼 전제로 열애”…에일리 연인은 ‘솔로지옥’ 최시훈이었다[공식입장] - MK스포츠
- 이찬원, 이태원 참사에 "노래 못해요" 했다가 봉변 당했다 - 스타투데이
- 양희은·양희경 자매, 오늘(4일) 모친상 - 스타투데이