Hanatour Service to raise 134.6 bln won via stock offering

SEOUL-- Hanatour Service Inc. on Friday announced that it will sell stocks to raise 134.6 billion won(US$110.4 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 2.1 million common shares at a price of 64,100 won per share. The stocks will be sold to the firm’s shareholders.

Source: Yonhap News Agency