| A currency trader passes by the screens showing the foreign exchange rates at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, Dec. 6, 2022. AP-Yonhap |
Melfas Friday announced that it will sell stock to raise 6 billion won ($4.6 million). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 8.57 million common shares at a price of 700 won per share. The stock will be sold to the investors that the firm designated. (Yonhap)