East Asia Holdings Investment to raise 15.1 bln won via stock offering

East Asia Holdings Investment-capital increase

East Asia Holdings Investment to raise 15.1 bln won via stock offering

SEOUL, Sept. 19 (Yonhap) -- East Asia Holdings Investment Ltd. on Monday announced that it will sell stock to raise 15.1 billion won(US$10.8 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue 72 million common shares at a price of 210 won per share. The stock will be sold to the investors that the firm designated.

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