Korean shipbuilder DSME has cleared the way for a new shares sale that will see Korean Development Bank (KDB) and employees inject cash into the company.
It has won approval to issue stock worth KRW 414.2bn ($353.8m), a figure that could raise to KRW 1 trilling if market conditions allow.
KDB has pledged to take KRW 383bn of the shares on offer, with employees swallowing KRW 31.5bn.
