SEOUL, Oct. 12 (Yonhap) — Isu Abxis Co. declared on Thursday that it will issue stock to generate 10 billion won (US$7.5 million). The revenue from the stock sale will be used mainly to pay off its debts.
As per a regulatory filing, the company will release approximately 1.42 million common shares at a price of 7,000 won per share. The stock will be traded to the investors that the firm appointed.
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