Sweden’s Viking Supply Ships, which is undergoing extensive restructuring, is pushing ahead with a SEK348m ($37.7m) share sale.
The subscription price is SEK 1.50 per share in all the share issues which closely connects to the market price for the company’s series B share.
The rights issue is guaranteed by lead shareholder Kistefos, controlled by Christen Sveaas.
“When the restructuring has been completed, Viking Supply Ships expects to have enough liquidity to maintain business, even if the market remains weak, until 2019. The main risks and uncertainties in respect of these considerations are a continued weakening of the market conditions,” the company said in a release.
