German shipping finance house Lloyd Fonds has announced a new fundraising stock issue.
It will sell up to 0.915m shares, equivalent to 10% of its capital, for a nominal EUR 0.915m ($1.07m).
Proceeds will be used to strengthen the capital base and to drive forward the further development of the company through "open and liquid investments", it said.
The Hamburg house said that after the completion of the increase, the share capital of the company will rise to EUR 10.07m.
