Knightsbridge to raise $120m

Rajesh Joshi - Thursday 24 December 2009

KNIGHTSBRIDGE Tankers has announced plans to raise up to $120m from the capital markets in New York.
The announcement comes at a time when the John Fredriksen-affiliated company has frozen dividends, and is trying to resuscitate its cash-box amid a bad overall market.
A Christmas Eve filing with the US Securities and Exchange Commission indicates t...

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