KNW to raise 50 bln won via stock sale
Stocks 17:09 May 25, 2023
SEOUL, May 25 (Yonhap) -- KNW Co. on Thursday announced that it will sell stock to raise 50 billion won(US$37.7 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 3.92 million common shares at a price of 12,740 won per share. The stock will be sold to the investors that the firm designated.
Latest News BIZ
BLACKPINK star Jisoo tests positive for COVID-19, to miss world tour stop in Osaka
Suspect in grisly Busan murder sent to prosecutors for further probe
Napoli's Kim Min-jae named Serie A's best defender, makes Team of the Season
Military continues salvage operation for North Korean rocket debris
S. Korean nuke envoy urges efforts to cut off illicit funds to N. Korean weapons program