Chungho Ict Co.on Wednesday announced that it will sell stock to raise 5 billion won(US$3.7 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 5.49 million common shares at a price of 910 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency