Kyobo Securities to Generate 250 Billion Won through Stock Offering


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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