On Thursday, SEOUL-based GL Pharm Tech Corp. declared that it is going to issue shares to bring in 9.2 billion won (US$6.9 million). The funds from the stock sale will mainly be used to finance its activities.
The filing with the regulator showed that the company will be offering 13.81 million ordinary shares at a rate of 666 won per share. The stock will be sold to the specified investors.
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