Korea's Hyundai Samho Heavy Industries (HSHI) has raised KRW 400bn ($355m) in a pre-IPO deal with a domestic private equity fund.

The shipbuilder increased the offering from the KRW 300bn announced in April.

The Yonhap news agency said the yard was selling bonds convertible into shares to IMM Private Equity. The original amount was 5.36m bonds at KRW 56,000 each.