Diac to raise 10 bln won via stock offering
SEOUL-- Diac Co.on Wednesday announced that it will sell stocks to raise 10 billion won (US$7.8 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue 50 million common shares at a price of 200 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency