Lemon to Generate 19.2 Billion Won Through Stock Offering


On Thursday, Lemon Co. announced that it will be selling stocks to generate 19.2 billion won (US$15.2 million). The funds from the stock offering will be used mainly for operational purposes.

As per a regulatory filing, the company will be issuing 5 million common shares at a price of 3,930 won per share. The stocks will be sold to the company’s shareholders.

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