Nano Chem Tech-capital increase

Nano Chem Tech to raise 10 bln won via stock sale

SEOUL, Oct. 17 (Yonhap) -- Nano Chem Tech Inc.on Monday announced that it will sell stock to raise 10 billion won(US$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 some 9.33 million common shares at a price of 1,071 won per share. The stock will be sold to the investors that the firm designated.

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