Medicox to raise 4 bln won via stock sale
SEOUL-- Medicox Co.on Friday announced that it will sell stocks to raise 4 billion won (US$3.1 million). The proceeds from the stock offering will be used primarily to finance its operations.
According to a regulatory filing, the company will issue some 7.93 million common shares at a price of 504 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency