Enzychem Lifesciences-capital increase

Enzychem Lifesciences to raise 316.4 bln won via stock sale

SEOUL, Sept. 17 (Yonhap) -- Enzychem Lifesciences Corp.on Friday announced that it will sell stocks to raise 316.4 billion won(US$269.3 million). The proceeds from the stock offering will be used primarily to pay off its debts.

According to a regulatory filing, the company will issue 5.3 million common shares at a price of 59,700 won per share. The stocks will be sold to the firm’s shareholders.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]