Cellivery Therapeutics-capital increase

Cellivery Therapeutics to raise 15.5 bln won via stock sale

SEOUL, Sept. 23 (Yonhap) -- Cellivery Therapeutics Inc.on Thursday announced that it will sell stocks to raise 15.5 billion won(US$13.2 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 281,303 preferred shares at a price of 55,100 won per share. The stocks will be sold to the investors that the firm designated.

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