Nexturnbioscience Co.on Wednesday announced that it will sell stock to raise 1 billion won (US$784,620). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue 129,366 common shares at a price of 7,730 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency
