SEOUL – Medicox Co. has announced plans for a share sale aimed at raising 10 billion won (approximately US$7.6 million) to fund its operations. The company intends to issue around 13 million common shares, priced at 768 won each, which will be allocated to third parties. This information was disclosed in a regulatory filing by the company.
According to Yonhap News Agency,Earlier in February this year, Medicox conducted a rights offering valued at 18 billion won, also aimed at bolstering its working capital. This latest financial move underscores the company’s ongoing efforts to secure the necessary funds for its operational and business needs.