East Asia Holdings Investment to raise 15.1 bln won via stock offering

SEOUL– East Asia Holdings Investment Ltd. on Monday announced that it will sell stock to raise 15.1 billion won(US$10.8 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue 72 million common shares at a price of 210 won per share. The stock will be sold to the investors that the firm designated.

Source: Yonhap News Agency