SEOUL– Jeju Air Co. said Friday it will sell shares to raise 320 billion won (US$240.4 million). The proceeds from the stock sale will be used mainly to finance its facilities.
According to a regulatory filing, the South Korean budget air carrier will issue some 27.23 million common shares at a price of 11,750 won per share. The stock will be sold to the firm’s shareholders.
Source: Yonhap News Agency