Seoul: C and C International Co., a South Korean cosmetics manufacturer, has announced a plan to sell stock to raise 145 billion won (US$104.8 million). The funds from the stock offering will be primarily utilized to finance stock acquisition.
According to Yonhap News Agency, a regulatory filing revealed that the company will issue approximately 3.61 million common shares at a price of 40,100 won per share. The stock will be sold to investors designated by the firm.