SEOUL– Tobesoft Co.on Thursday announced that it will sell stocks to raise 5 billion won (US$4.1 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 4.18 million common shares at a price of 1,195 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency