Chungho Ict to raise 5 bln won via stock offering

Chungho Ict-capital increase

Chungho Ict to raise 5 bln won via stock offering

SEOUL, May 17 (Yonhap) -- Chungho Ict Co.on Wednesday announced that it will sell stock to raise 5 billion won(US$3.7 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 5.49 million common shares at a price of 910 won per share. The stock will be sold to the investors that the firm designated.

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