Sacheon Aerospace Manufacturing Ind.. Co.on Wednesday announced that it will sell stocks to raise 720 million won (US$604,178). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue 1.44 million common shares at a price of 500 won per share. The stocks will be sold to the investors that the firm designated.
Source: Yonhap News Agency