Byon to Raise 7 Billion Won Through Stock Offering

Yonhap News

On Wednesday, Byon Co. declared that it will be selling stock to generate 7 billion won (US$5.4 million). The money acquired from the stock sale will mainly be used to fund its operations.

The filing revealed that the company will be issuing 4.31 million common shares at a cost of 1,623 won per share. The stock will be sold to the investors chosen by the firm.

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