NK Mulsan to raise 7.2 bln won via stock offering

SEOUL, NK Mulsan Co.on Wednesday announced that it will sell stocks to raise 7.2 billion won(US$6.2 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue 9.1 million common shares at a price of 790 won per share. The stocks will be sold to the investors that the firm designated.

Source: Yonhap News Agency

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