SEOUL-- NH Investment & Securities Co.on Wednesday announced that it will sell stocks to raise 400 billion won (US$331.6 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 34.63 million common shares at a price of 11,550 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency