Daesung Private Equity to raise 25 bln won via stock offering

Daesung Private Equity-capital increase

Daesung Private Equity to raise 25 bln won via stock offering

SEOUL, April 7 (Yonhap) -- Daesung Private Equity Inc.on Friday announced that it will sell stock to raise 25 billion won(US$19 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue 14 million common shares at a price of 1,783 won per share. The stock will be sold to the firm’s shareholders.

(END)

(C) Yonhap News Agency. All Rights Reserved