Seoul: Boryung Corp. on Monday announced that it will sell stock to raise 175 billion won (US$127.4 million). The proceeds from the stock offering will be used primarily to finance its operations. According to Yonhap News Agency, a regulatory filing reveals that the company will issue approximately 18 million common shares at a price of 9,670 won per share. The stock will be sold to investors designated by the firm.
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