SEOUL, Sept. 11 (Yonhap) — Life Semantics Corp. declared on Monday that it will be issuing stock to acquire 20 billion won(US$15 million). The money derived from the stock sale will be used mainly to fund its activities.
According to a regulatory filing, the company will issue about 5.43 million common shares at a cost of 3,680 won per share. The stock will be offered to the firm’s shareholders.
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