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Höegh LNG raises cash for more FSRUs
Höegh LNG has raised NOK844m ($100m)in gross proceeds through an oversubscribed private placement of 6,920,000 new common shares, each with a par value of $0.01 at a subscription price of NOK122 per share.
The net proceeds “will provide financial resources to support Höegh LNG’s growth strategy to become one of the world’s leading providers of floating LNG services”, the company said in a release, suggesting it will order more FSRUs.