SEOUL– Dragonfly GF Co.on Wednesday announced that it will sell stock to raise 7.5 billion won(US$6 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue some 10 million common shares at a price of 745 won per share. The stock will be sold to the investors that the firm designated.

Source: Yonhap News Agency