Thira-utech Co.on Thursday announced that it will sell stock to raise 5 billion won (US$3.9 million). The proceeds from the stock sale will be used mainly to pay off its debts.
According to a regulatory filing, the company will issue 359,712 preferred shares at a price of 359,712 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency