Watch Now


“K” Line sets share issue price

“K” Line sets share issue price

“K” Line sets share issue price

   Japanese ocean carrier “K” Line on Tuesday set a price for the issue of new shares it announced last week.

   The line will issue 110 million new shares on Wednesday and Thursday at $3.47 per share, for a total of $382 million, with an additional 16.5 million shares potentially available if the primary offering is oversubscribed.

   “K” Line indicated the capital raised would go toward funding dry bulk and car carriers.