Taiwanese bulker operator Wisdom Marine has announced that the company will issue new shares to raise around TWD400m ($13.3m).
The company will issue 85% of the new shares publicly and the remaining 15% to employees.
The deadline of the share subscription is July 9, and the company says proceeds will be used mainly for fleet expansion.
Wisdom Marine owns a fleet of around 130 ships with another six bulkers on order.
