SEOUL, July 11 South Korean casino operator
Paradise Co Ltd has offered 7.5 million treasury
shares in a 285.8 billion won ($281.2 million) block sale,
according to a term sheet seen by Reuters on Friday.
The shares, offered at 38,100 won each, were at a 4 percent
discount to Thursday's closing price of 39,700, near its record
intra-day high in late June.
Paradise said in a separate regulatory filing that the funds
raised would be used for operations but could also be partly
used to fund acquisition.
Goldman Sachs was the sole bookrunner of the block
($1 = 1016.5000 South Korean Won)
(Reporting by Joyce Lee; Editing by Paul Tait)