Korea Line Corp (KLC), a Korean shipping company, announced on November 8 that it will increase capital by issuing new stocks.
KLC, which has been suffering in court receivership since January 25, 2011, will issue 365,026 stocks through 'allotment to the third party'.
The Korean carrier will convert its claim for public interests and revival bonds into the new stocks. The newly issued shares will be delivered on December 5 and listed on December 7. < 김보람 기자 brkim@ksg.co.kr >
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