SEOUL, Coloray International Investment Co.on Thursday announced that it will sell stocks to raise 12.1 billion won (US$9.3 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 10 million common shares at a price of 1,200 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency