Clinomics-capital increase

Clinomics to raise 44.6 bln won via stock sale

SEOUL, May 19 (Yonhap) -- Clinomics Inc. on Friday announced that it will sell stock to raise 44.6 billion won(US$33.6 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 7.8 million common shares at a price of 5,720 won per share. The stock will be sold to the firm’s shareholders.

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