Obigo-capital increase

Obigo to raise 7.2 bln won via stock offering

SEOUL, Sept. 15 (Yonhap) -- Obigo Inc.on Thursday announced that it will sell stock to raise 7.2 billion won(US$5.2 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 602,675 common shares at a price of 12,000 won per share. The stock will be sold to the investors that the firm designated.

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