Korea's Hyundai Merchant Marine (HMM) is selling new stock to raise operating cash levels.
It will issue 2m new shares worth KRW 10bn ($8.85m) at KRW 5,000 each, it said in a filing.
They will be listed on 11 January.
In October, the company said it was selling KRW 1bn of bonds as it expands its fleet with 20 boxship newbuildings in Korea.
Its biggest shareholder, state-backed Korea Development Bank (KDB), was due to buy KRW 400bn of convertible notes and a KRW 600bn tranche of bonds with warrants.
