Setopia Co.on Monday announced that it will sell stock to raise 7 billion won (US$5.3 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.
According to a regulatory filing, the company will issue some 5.33 million common shares at a price of 1,312 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency