SEOUL– Medicox Co. on Tuesday announced that it will sell stocks to raise 15 billion won(US$12.9 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 10.29 million common shares at a price of 1,457 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency