CJ CGV to Obtain 444.4 Billion Won Through Stock Offering


On Friday, CJ CGV declared its plan to generate 444.4 billion won (US$332.1 million) by offering stock. The money gained from the stock sale will be mainly utilized to finance stock acquisition.

The filing stated that the firm will issue 43.14 million common shares at a cost of 10,300 won per share. The stock will be sold to the investors designated by the company.

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