RS to raise 2 bln won via stock sale

RS-capital increase

RS to raise 2 bln won via stock sale

SEOUL, Jan. 19 (Yonhap) -- RS Inc.on Wednesday announced that it will sell stocks to raise 2 billion won (US$1.7 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 20 million common shares at a price of 100 won per share. The stocks will be sold to the investors that the firm designated.

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