Hyundai Heavy looks to raise $905m

Hyundai Heavy Industries Group has decided to push for an initial public offering of its unlisted affiliate Hyundai Heavy Industries Co this year.  Under the scheme, HHI is looking to raise KRW1 trn ($905m) from the IPO and the proceeds will be used to finance projects to develop environmentally-friendly vessels and low-carbon dockyard technologies. Hyundai …

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