SKY E&M to raise 10 bln won via stock sale

SEOUL, Aug. 30 (Yonhap) -- SKY E&M Co. on Monday announced that it will sell stocks to raise 10 billion won(US$8.6 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 12.42 million common shares at a price of 805 won per share. The stocks will be sold to the investors that the firm designated.
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