Kossen-capital increase

Kossen to raise 6.1 bln won via stock offering

SEOUL, Oct. 11 (Yonhap) -- Kossen Co. on Tuesday announced that it will sell stock to raise 6.1 billion won(US$4.2 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 4.72 million common shares at a price of 1,280 won per share. The stock will be sold to the investors that the firm designated.

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