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April 27, 2026

Kangstem Biotech to raise 35.1 bln won via stock sale

Kangstem Biotech Co. on Friday announced that it will sell stock to raise 35.1 billion won(US$26.5 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 18 million common shares at a price of 1,985 won per share. The stock will be sold to the firm’s shareholders.

Source: Yonhap News Agency

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Naypyidaw: Myanmar’s junta strongman Min Aung Hlaing took a significant step closer to becoming the country’s civilian president after lawmakers nominated him for a three-way runoff, largely seen as a