Giantstep-capital increase

Giantstep to raise 70 bln won via stock offering

SEOUL, Oct. 1 (Yonhap) -- Giantstep Inc.on Friday announced that it will sell stocks to raise 70 billion won(US$58.9 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue some 1.26 million common shares at a price of 55,500 won per share. The stocks will be sold to the firm’s shareholders.

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