Air Busan to raise 200 bln won via stock offering

Air Busan-capital increase

Air Busan to raise 200 bln won via stock offering

SEOUL, May 31 (Yonhap) -- Air Busan Co.on Tuesday announced that it will sell stocks to raise 200.1 billion won(US$161.7 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 43.5 million common shares at a price of 4,600 won per share. The stocks will be sold to the firm’s shareholders.

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