Hysonic-capital increase

Hysonic to raise 1 bln won via stock offering

SEOUL, March 15 (Yonhap) -- Hysonic Co.on Tuesday announced that it will sell stocks to raise 1 billion won (US$804,634). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 500,000 common shares at a price of 2,000 won per share. The stocks will be sold to the investors that the firm designated.

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