B2en Co.on Tuesday announced that it will sell stock to raise 15 billion won(US$11.3 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.
According to a regulatory filing, the company will issue some 7.44 million common shares at a price of 2,009 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency