Hankook Technology-capital increase

Hankook Technology to raise 1 bln won via stock sale

SEOUL, March 3 (Yonhap) -- Hankook Technology Inc.on Thursday announced that it will sell stocks to raise 1 billion won (US$830,150). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 1.29 million common shares at a price of 774 won per share. The stocks will be sold to the investors that the firm designated.

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