Seoul: KH Mirae Corp. on Tuesday announced that it will sell stock to raise 10.3 billion won (US$7.2 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.
According to Yonhap News Agency, a regulatory filing indicates that the company will issue 2.2 million common shares at a price of 4,700 won per share. The stock will be sold to the investors that the firm designated.