SEOUL– M-venture Investment Inc.on Friday announced that it will sell stock to raise 15 billion won (US$12.2 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 21 million common shares at a price of 714 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency