Keyeast to raise W1.3b via stock offering

Keyeast Co. on Wednesday announced that it will sell stocks to raise 1.3 billion won($1.1 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 104,773 common shares at a price of 12,466 won per share. The stocks will be sold to the investors that the firm designated. (Yonhap)