Sama Aluminium to raise 115.3 bln won via stock offering

Sama Aluminium-capital increase

Sama Aluminium to raise 115.3 bln won via stock offering

SEOUL, Dec. 22 (Yonhap) -- Sama Aluminium Co.on Thursday announced that it will sell stock to raise 115.3 billion won(US$90.3 million). The proceeds from the stock sale will be used mainly to finance its facilities.

According to a regulatory filing, the company will issue some 3.71 million common shares at a price of 31,050 won per share. The stock will be sold to the investors that the firm designated.

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