SKY E&M to raise 38.9 bln won via stock sale

SKY E&M-capital increase

SKY E&M to raise 38.9 bln won via stock sale

SEOUL, April 26 (Yonhap) -- SKY E&M Co.on Tuesday announced that it will sell stocks to raise 38.9 billion won (US$31.1 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 13.96 million common shares at a price of 2,786 won per share. The stocks will be sold to the investors that the firm designated.

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