SEOUL, Sept. 13 (Yonhap) — YJM Games Co. declared on Wednesday that it will be obtaining 3 billion won (US$2.3 million) through the sale of stocks. The money from the stock sale will mostly be used to finance its operations.
The filing with the authorities states that the company will be issuing 3.74 million common shares at a price of 801 won per share. The stocks will be sold to the investors that the firm has chosen.
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