Seoul-listed HMM unveiled plans in August to sell 15m newshares, or about 10% of its current paid up capital.
A preliminary price tag of KRW 16,000 per share had beenslapped on the offering which would have translated into a cash injection ofaround KRW 240bn ($215m).
However in a regulatory filing today the Korean shipownersaid it would only ask investors for KRW 10,400 per share, cutting the price by awhopping 40% and raising only KRW 156bn.
Shares
