Seoul: IHQ Inc., a South Korean media and entertainment company, announced plans to raise 24.2 billion won (US$17.8 million) through a stock offering. The company aims to use the funds primarily for operational financing.
According to Yonhap News Agency, IHQ Inc. will issue 2.2 million common shares at a price of 11,000 won per share. The stock is set to be sold to investors designated by the company.