Kakao Games-capital increase
Kakao Games to raise 196.6 bln won via stock offering
SEOUL, Aug. 10 (Yonhap) -- Kakao Games Corp. on Wednesday announced that it will sell shares to raise 196.6 billion won (US$150.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.
According to a regulatory filing, the company will issue some 3.47 million common shares at a price of 56,600 won per share. The stock will be sold to the investors that the firm designated.
(END)
(C) Yonhap News Agency. All Rights Reserved
