Thira-utech to Issue Stock to Generate 5 Billion Won


SEOUL, July 20 (Yonhap) — Thira-utech Co. announced on Thursday that it will generate 5 billion won (US$3.9 million) by issuing stock. The funds obtained from the stock sale will be primarily used to pay off its debts.

According to a regulatory filing, the company will offer 359,712 preferred shares at a price of 359,712 won per share. The stock will be made available to the designated investors.

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