Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Wisdom Marine seeks $10.8m from share issue to fund new ships

Wisdom Marine seeks $10.8m from share issue to fund new ships
Taiwan’s dry bulk carrier shipowner Wisdom Marine is looking to raise up to TWD320m ($10.8m) via the issuance of new shares for the purpose of financing new ships.

Taipei-listed Wisdom Marine said it plans to issue no more than 32m new shares at a price of TWD10 each.

In an announcement to the Taiwan Stock Exchange, Wisdom Marine said 10% of the new shares will be reserved for its employees, 10% will be made available to the public, and the remaining 80% will be offered to existing shareholders.

“The funds raised from this exercise will go toward the financing of building new ships,” Wisdom Marine stated, without revealing further details of the shipbuilding plans.

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish