Hyundai Engineering & Construction Raises KRW500 Billion via Private Placement; Shares Decline 5%

MT Newswires Live

07/08

Hyundai Engineering & Construction (KRX:000720) concluded the private placement of its 312th unregistered unsecured convertible bonds, raising 500 billion won, according to a Wednesday filing with the Korea Exchange.

The convertible bonds' placement was completed after payment was received on Tuesday.

Shares of Hyundai Engineering & Construction fell more than 5% in recent trade.

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