SEOUL– Seyoung D&C Co. on Wednesday announced that it will sell stocks to raise 4.5 billion won(US$3.9 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 7.61 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