Hyundai Heavy eyes W1tr from 2021 IPO

Trade_imports_exports_575px_adobe_16Oct20
By Jonathan Breen
27 Jan 2021

Hyundai Heavy Industries Co is planning an IPO later this year in South Korea. It is looking to raise W1tr ($905.5m) to invest in new technologies.

The world’s largest shipbuilder said on Tuesday it is developing eco-friendly ships in preparation for the low-carbon era, such as those that could run on hydrogen and ammonia. It is also working on smart ships, autonomous ships, and the use of dual-fuel propulsion.

To fund the development, Hyundai ...

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