SEOUL– Medicox Co.on Tuesday announced that it will sell stock to raise 10 billion won(US$7.8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.
According to a regulatory filing, the company will issue some 3.44 million common shares at a price of 2,905 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency