Cosmo Advanced Materials & Technology to Generate 220.8 bln won via Stock Offering


On Friday, Cosmo Advanced Materials & Technology Co. declared that it will issue stocks to generate 220.8 billion won (US$165 million). The funds raised from the stock sale will be used to finance its infrastructure.

As per the statement filed with the regulatory body, the business will release 1.86 million ordinary shares at a rate of 118,700 won per share. The stocks will be sold to the company’s shareholders.

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