SEOUL– Seongan Co.on Monday announced that it will sell stock to raise 1 billion won (US$785,792). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 1.29 million common shares at a price of 775 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency