SCM Lifescience-capital increase

SCM Lifescience to raise 30.9 bln won via stock offering

SEOUL, June 9 (Yonhap) -- SCM Lifescience Co. on Friday announced that it will sell stock to raise 30.9 billion won(US$23.9 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 4.8 million common shares at a price of 6,580 won per share. The stock will be sold to the firm’s shareholders.

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