Kakao Games-capital increase

Kakao Games to raise 209.1 bln won via stock sale

SEOUL, Nov. 1 (Yonhap) -- Kakao Games Corp.on Monday announced that it will sell stocks to raise 209.1 billion won(US$177.8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 2.71 million common shares at a price of 77,100 won per share. The stocks will be sold to the investors that the firm designated.

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