Korea Zinc Inc to raise 471.8 bln won via stock sale

Korea Zinc Inc-capital increase

Korea Zinc Inc to raise 471.8 bln won via stock sale

SEOUL, Aug. 5 (Yonhap) -- Korea Zinc Incon Friday announced that it will sell stocks to raise 471.8 billion won(US$363.4 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue 993,158 common shares at a price of 475,000 won per share. The stocks will be sold to the investors that the firm designated.

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