On Tuesday, Korea Cable T.V Chung-buk System Co. declared its intention to raise 10 billion won (US$7.4 million) through the sale of stock. The money generated from the stock sale will be used to cover the company’s operational costs.
As stated in a regulatory filing, the corporation will issue 11.33 million common shares at a cost of 882 won each. The stock will be sold to the investors chosen by the company.
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