SEOUL-- KH Construction Co.on Thursday announced that it will sell stocks to raise 10 billion won (US$8 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 6.5 million preferred shares at a price of 1,538 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency