South Korean shipbuilder Hyundai Heavy Industries Co Ltd utilized for preliminary approval for an preliminary public providing, Korea Change mentioned on Thursday.
The corporate, presently wholly owned by Korea Shipbuilding & Offshore Engineering, was separated from Korea Shipbuilding in 2019.
Hyundai Heavy reported a 2020 working revenue of 32.5 billion gained on income of 8.3 trillion, Korea Change mentioned in an announcement.
(Reporting by Joyce Lee; modifying by Jason Neely)
