Jin Air Coltd. to raise 108.4 bln won via stock offering

SEOUL, AUGUST 12 (Yonhap) -- Jin Air Co. on Thursday announced that it will sell stocks to raise 108.4 billion won(US$93.3 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 7.2 million common shares at a price of 15,050 won per share. The stocks will be sold to the firm’s shareholders.
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