Medicox to Secure 10 Billion Won Through Share Issuance

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SEOUL, Nov. 7 (Yonhap) — Medicox Co. declared that it will be launching a sale of shares to raise 10 billion won (US$7.6 million) to finance its operations.

The company declared that it will be issuing 13 million common shares at a price of 768 won per share that will be given to third parties, according to a regulatory filing.

In early February this year, the firm also conducted a rights offering worth 18 billion won to generate working capital.

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