Dragonfly GF-capital increase

Dragonfly GF to raise 10 bln won via stock sale

SEOUL, Dec. 21 (Yonhap) -- Dragonfly GF Co.on Tuesday announced that it will sell stocks to raise 10 billion won (US$8.4 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 3.34 million common shares at a price of 2,990 won per share. The stocks will be sold to the investors that the firm designated.

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