On Tuesday, SEOUL-based B2en Co. declared its intention to acquire 15 billion won (US$11.3 million) by selling stock. The funds generated from the stock sale will be primarily used to finance stock acquisition.
The details of the stock sale, as per a regulatory filing, include the issuance of 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.
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