Genexine-capital increase
Genexine to raise 100 bln won via stock sale
SEOUL, SEPTEMBER 26 (Yonhap) -- Genexine Inc.on Monday announced that it will sell stock to raise 100 billion won(US$69.9 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 5.79 million common shares at a price of 17,250 won per share. The stock will be sold to the firm’s shareholders.
(END)
(C) Yonhap News Agency. All Rights Reserved
