KTB Investment & Securities to raise 48 bln won via stock offering

KTB Investment & Securities-capital increase

KTB Investment & Securities to raise 48 bln won via stock offering

SEOUL, March 17 (Yonhap) -- KTB Investment & Securities Co. on Thursday announced that it will sell stocks to raise 48 billion won(US$39.5 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 9.55 million preferred shares at a price of 5,025 won per share. The stocks will be sold to the investors that the firm designated.

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