Korea Maritime ship - Hyundai Merchant Marine, 8500 billion funding agreement

[South Korea's Choice Financial News News] Korea Ship Offshore has signed a Memorandum of Understanding ship sale and recapitalization agreement to support 8500 billion funds to Hyundai Merchant Marine it said seven days.

Day MOU and agreement signing ceremony was attended by more than 30 officials, including President yuchanggeun Hyundai Merchant Marine, South Korea and vocal ship Ocean beaches.

According to the agreement, South Korea will buy the vessel Ocean container carriers 10 held by about 150 billion won, Hyundai Merchant Marine market price and book value and capital increase to support the balance of 700 billion won durable participation and convertible bonds (CB) acquisition method.

Meanwhile, Korea Ship Offshore year is October, one Development Bank (50%), the Export-Import Bank (40%), camcorders (10%) of the Government of the Shipping Industry Competitiveness Plan invested a total of 1 trillion was established in January this year, .

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