Doosan Heavy sells $287 million of treasury shares

The deal comes at the maximum 5% discount and is upsized in full from about $200 million at launch.

Doosan Heavy Industries Contractors has sold just over half of the treasury shares sitting on its books, raising W302.34 billion $287 million, sources said.

The deal was launched and completed after the market closed on Wednesday and was upsized in full from a base deal of about $200 million after domestic investors came in with very decent order sizes. Overall, the demand was said to be split roughly half and half between domestic and international investors, with the international interest skewed towards hedge funds.

As of late last night there was no information of how the allocations were divvied up.

Doosan Heavy, which...

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