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G-treebnt to raise 40 bln won via stock offering

Economy 13:43 September 13, 2021

SEOUL, Sept. 13 (Yonhap) -- G-treebnt Co.on Monday announced that it will sell stocks to raise 40 billion won(US$34 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 4.24 million common shares at a price of 9,418 won per share. The stocks will be sold to the investors that the firm designated.

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