The Codi Co.on Wednesday announced that it will sell stock to raise 3 billion won (US$2.4 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue 607,287 common shares at a price of 4,940 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency