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Jaanh Cosmetics to raise 5 bln won via stock sale

Economy 18:11 September 13, 2021

SEOUL, Sept. 13 (Yonhap) -- Jaanh Cosmetics Inc.on Monday announced that it will sell stocks to raise 5 billion won (US$4.3 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 1.1 million common shares at a price of 4,535 won per share. The stocks will be sold to the investors that the firm designated.

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