SEOUL, South Korea - Mirae Asset Maps Reit 1 Co., a prominent player in the real estate investment trust sector, announced on Monday its plan to raise 14 billion won (approximately US$10.8 million) through a stock offering. This move is aimed at generating capital for new investments and strengthening the company's financial position.
According to Yonhap News Agency, approximately 4.89 million common shares will be issued at a price of 2,860 won per share. This stock offering will be made available to the firm's existing shareholders, providing them with an opportunity to increase their stake in the company. The primary use of the proceeds from this stock sale will be to finance stock acquisition, signaling the company's strategy for expansion and growth.