GL Pharm Tech Corp.on Thursday announced that it will sell stock to raise 9.2 billion won (US$6.9 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 13.81 million common shares at a price of 666 won per share. The stock will be sold to the investors that the firm designated.
Source: Yonhap News Agency