Sacheon Aerospace Manufacturing to raise 720 mln won via stock offering

Sacheon Aerospace-capital increase

Sacheon Aerospace Manufacturing to raise 720 mln won via stock offering

SEOUL, Jan. 19 (Yonhap) -- Sacheon Aerospace Manufacturing Ind.. Co.on Wednesday announced that it will sell stocks to raise 720 million won (US$604,178). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 1.44 million common shares at a price of 500 won per share. The stocks will be sold to the investors that the firm designated.

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