Hyundai Heavy Industries Group to list Oilbank, issue $1.2 billion rights shares

SEOUL (Reuters) - South Korea's Hyundai Heavy Industries Group plans to list its refining arm Hyundai Oilbank in an IPO in 2018 and raise about $1.2 billion via a share issue by shipbuilder Hyundai Heavy Industries , in a move to bolster its finances.

from Reuters: Business News http://ift.tt/2kYOHte