Ggumbi-capital increase

Ggumbi to raise 20 bln won via stock offering

SEOUL, May 25 (Yonhap) -- Ggumbi Inc.on Thursday announced that it will sell stock to raise 20 billion won(US$15 million). The proceeds from the stock sale will be used mainly to finance its facilities.

According to a regulatory filing, the company will issue 1.5 million common shares. The stock will be made available to the public.

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