Neofect to Collect 3 bln won Through Stock Offering


On Friday, Neofect Co. declared that it will issue stock to acquire 3 billion won (US$2.2 million). The money raised from the stock sale will be mainly used to fund its operations.

As per a regulatory filing, the company will put out approximately 2.68 million common shares at a price of 1,118 won per share. The stock will be sold to the investors chosen by the firm.

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