Seoul-listedHanjin saw its shares pull back by almost 15% after news of the fundraiser hitthe tape.
Theshipbuilder is looking to haul in KRW 180.2bn from the printing of 21 millionnew shares, with the cash earmarked simply for “working capital”.
Followingthe statement Hanjin Heavy shares tumbled to KRW 10,000 a pop, down 14.16% onthe day.
Analystsnote Hanjin today only has a limited orderbook after a dry run over the pastfew years, not helped by industrial action.
