Melfas to raise 6 bln won via stock offering

Melfas-capital increase

Melfas to raise 6 bln won via stock offering

SEOUL, Dec. 9 (Yonhap) -- Melfas Inc.on Friday announced that it will sell stock to raise 6 billion won (US$4.6 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 8.57 million common shares at a price of 700 won per share. The stock will be sold to the investors that the firm designated.

(END)

(C) Yonhap News Agency. All Rights Reserved