Selvas Ai Inc.on Friday announced that it will sell stock to raise 78.8 billion won(US$59.9 million). The proceeds from the stock offering will be used primarily to finance its operations.
According to a regulatory filing, the company will issue 4 million common shares at a price of 19,710 won per share. The stock will be sold to the firm’s shareholders.
Source: Yonhap News Agency