SEOUL– Seyoung D&C Co.on Wednesday announced that it will sell stocks to raise 3.5 billion won (US$3 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 5.32 million common shares at a price of 657 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency