JW Pharmaceutical-capital increase

JW Pharmaceutical to raise 4.4 bln won via stock offering

SEOUL, Oct. 20 (Yonhap) -- JW Pharmaceutical on Thursday announced that it will sell stock to raise 4.4 billion won(US$3.1 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 142,920 preferred shares at a price of 30,871 won per share. The stock will be sold to the investors that the firm designated.

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