Heng Sheng Holding Group-capital increase

Heng Sheng Holding Group to raise 1 bln won via stock offering

SEOUL, March 11 (Yonhap) -- Heng Sheng Holding Group Co. on Friday announced that it will sell stocks to raise 1 billion won(US$811,095). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 2.82 million common shares at a price of 354 won per share. The stocks will be sold to the investors that the firm designated.

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