On Thursday, SEOUL-based STX Corp. declared that it will be selling shares in order to gain 79.9 billion won (US$58.9 million). The money obtained from the stock sale will be utilized mainly to pay off its liabilities.
As per a regulatory filing, the organization will issue 7.36 million ordinary shares at a cost of 10,860 won per share. The stock will be sold to the company’s shareholders.
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