SEOUL — STX Heavy Industries Co. announced on Monday its plan to sell shares in order to raise capital. The move involves issuing 4,156 common shares at a price of 20,000 won (US$14.47) each to pre-designated investors, as detailed in a recent regulatory filing.
According to Yonhap News Agency, the sale is aimed at increasing the capital necessary for future projects and investments. This decision reflects STX Heavy Industries' strategy to strengthen its financial base and ensure sustained growth in the competitive market.