Jejuair Co. on Friday announced that it will sell stocks to raise 210 billion won(US$179.6 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 11.26 million common shares at a price of 18,650 won per share. The stocks will be sold to the firm’s shareholders.
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Source: Yonhap News Agency