At Semicon to raise W10.1b via stock offering

At Semicon Co. on Friday announced that it will sell stocks to raise 10.1 billion won. The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 9.28 million common shares at a price of 1,089 won per share. The stocks will be sold to the investors that the firm designated. (Yonhap)