G Enone Energy to raise 12.5 bln won via stock sale

G Enone Energy-capital increase

G Enone Energy to raise 12.5 bln won via stock sale

SEOUL, Nov. 10 (Yonhap) -- G Enone Energy Co.on Thursday announced that it will sell stock to raise 12.5 billion won (US$9.1 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 5.56 million common shares at a price of 2,245 won per share. The stock will be sold to the investors that the firm designated.

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