M-venture Investment to raise 15 bln won via stock sale

M-venture Investment-capital increase

M-venture Investment to raise 15 bln won via stock sale

SEOUL, Feb. 3 (Yonhap) -- M-venture Investment Inc.on Friday announced that it will sell stock to raise 15 billion won (US$12.2 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 21 million common shares at a price of 714 won per share. The stock will be sold to the investors that the firm designated.

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