Taiwanese owner Wisdom Marine has announced a plan to raise NTD320m ($10.58m) through issuing 32m new shares. It will use the proceeds from the share issue to fund the construction of newbuildings.
Existing shareholders will acquire 80% of the new shares, while the remaining 20% will be offered to the company’s employees and public market.
Wisdom Marine currently has a total of 18 newbuildings under construction at Chinese and Japanese yards.
At the end of June, the company acquired a 58,000dwt bulk carrier from Japan’s Mitsubishi UFJ Lease & Finance.