East Asia to raise 7.1 bln won via stock sale

SEOUL-- East Asia on Friday announced that it will sell stocks to raise 7.1 billion won (US$6.2 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 32.87 million common shares at a price of 216 won per share. The stocks will be sold to the investors that the firm designated.

Source: Yonhap News Agency

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