Sacheon Aerospace Manufacturing Ind. to raise 2.8 bln won via stock sale

Sacheon Aerospace Manufacturing Ind.-capital increase

Sacheon Aerospace Manufacturing Ind. to raise 2.8 bln won via stock sale

SEOUL, March 4 (Yonhap) -- Sacheon Aerospace Manufacturing Ind. Co.on Friday announced that it will sell stocks to raise 2.8 billion won (US$2.3 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 5.6 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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