Citylabs-capital increase
Citylabs to raise 10 bln won via stock offering
SEOUL, Sept. 30 (Yonhap) -- Citylabs Co. on Friday announced that it will sell stock to raise 10 billion won(US$7 million). The proceeds from the stock sale will be used mainly to pay off its debts.
According to a regulatory filing, the company will issue some 17.88 million common shares at a price of 559 won per share. The stock will be sold to the investors that the firm designated.
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