SEOUL– Codenature Inc.on Wednesday announced that it will sell stock to raise 5 billion won (US$3.9 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 5.19 million common shares at a price of 962 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency