SEOUL, Aug. 24 (Yonhap) — Soosan Heavy Industries Co. declared on Thursday that it would issue stock to raise 20 billion won(US$15.1 million). The revenue from the stock sale will be used mainly to settle its debts.
According to a regulatory filing, the company will distribute approximately 8.41 million common shares at a price of 2,377 won per share. The stock will be sold to the investors chosen by the firm.
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