Seouleaguer-capital increase

Seouleaguer to raise 10 bln won via stock offering

SEOUL, March 14 (Yonhap) -- Seouleaguer Co. on Monday announced that it will sell stocks to raise 10 billion won(US$8 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 10.86 million common shares at a price of 920 won per share. The stocks will be sold to the investors that the firm designated.

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