Eone Diagnomics Genome Center Co.on Friday announced that it will sell stock to raise 89.4 billion won(US$66.8 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 74 million common shares at a price of 1,208 won per share. The stock will be sold to the firm’s shareholders.

Source: Yonhap News Agency