Kobiolabs to raise 10 bln won via stock offering

Kobiolabs-capital increase

Kobiolabs to raise 10 bln won via stock offering

SEOUL, March 29 (Yonhap) -- Kobiolabs Inc. on Tuesday announced that it will sell stocks to raise 10 billion won(US$8.2 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue 544,960 common shares at a price of 18,350 won per share. The stocks will be sold to the investors that the firm designated.

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