SEOUL, Curoholdings Co.on Wednesday announced that it will sell stocks to raise 2.4 billion won(US$2.1 million). The proceeds from the stock offering will be used primarily to pay off its debts.
According to a regulatory filing, the company will issue some 3.82 million common shares at a price of 628 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency