Thumbage-capital increase

Thumbage to raise 5 bln won via stock sale

SEOUL, March 8 (Yonhap) -- Thumbage Co. on Tuesday announced that it will sell stocks to raise 5 billion won(US$4 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 2.54 million common shares at a price of 1,965 won per share. The stocks will be sold to the investors that the firm designated.

(END)

[ⓒ K-VIBE. 무단전재-재배포 금지]