On Tuesday, Kyobo Securities Co. declared that it will be issuing stock in order to bring in 250 billion won (US$187.2 million). The money procured from this stock sale will be primarily used to finance its operations.
As per a filing with the regulatory body, the company will be selling 49.3 million common shares at a rate of 5,070 won per share. The stock will be available to the investors that the firm has chosen.
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