Iljin Display to raise 30 bln won via stock sale

Iljin Display-capital increase

Iljin Display to raise 30 bln won via stock sale

SEOUL, Dec. 17 (Yonhap) -- Iljin Display Co.on Friday announced that it will sell stocks to raise 30 billion won(US$25.4 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 17 million common shares at a price of 1,760 won per share. The stocks will be sold to the firm's shareholders.

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