SEOUL, April 26 (Yonhap) — SKY E&M Co.on Tuesday announced that it will sell stocks to raise 38.9 billion won (US$31.1 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 13.96 million common shares at a price of 2,786 won per share. The stocks will be sold to the investors that the firm designated.
(END)