On Tuesday, SEOUL-based Ascendio Co. declared that it will be selling stock to acquire 14 billion won (US$10.4 million). The money raised will be mainly utilized to finance its operations.
The details of the filing indicated that the company will be issuing 13.82 million common shares at a cost of 1,013 won per share. The stock will be sold to the investors that have been selected by the firm.
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