Hyundai Development Company to raise USD344m via share issue to finance Asiana Airlines takeover

13 January, 2020

Hyundai Development Company (HDC) plans to raise KRW400 billion won (USD344 million) by issuing new shares to help finance its acquisition of Asiana Airlines (Yonhap, 10-Jan-2020). HDC plans to issue 21.97 million shares priced at around KRW18,550 (USD16) per share.