Cosmo Chemical to Obtain 117.5 Billion Won Through Equity Offering


On Friday, Cosmo Chemical declared that it will be offering stock to acquire 117.5 billion won (US$87.8 million). The money acquired from the stock sale will be mainly used to finance its infrastructure.

As per a filing with the regulatory authorities, the company will be releasing 3.4 million common shares, with each share priced at 34,550 won. The stock will be sold to the business’s shareholders.

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