SEOUL– G Enone Energy Co.on Tuesday announced that it will sell stock to raise 5 billion won (US$3.9 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 2.89 million common shares at a price of 3,455 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency