Ilya-capital increase

Ilya to raise 978 mln won via stock sale

SEOUL, Dec. 22 (Yonhap) -- Ilya Co.on Wednesday announced that it will sell stocks to raise 978 million won (US$820,469). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 1.63 million common shares at a price of 978,000,000 won per share. The stocks will be sold to the investors that the firm designated.

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