SEOUL, Chunlab Inc. on Wednesday announced that it will sell stocks to raise 73.2 billion won(US$63.5 million). The proceeds from the stock offering will be used primarily to finance its operations.
According to a regulatory filing, the company will issue some 1.95 million common shares at a price of 37,465 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency