Kossen-capital increase

Kossen to raise 10 bln won via stock sale

SEOUL, Dec. 24 (Yonhap) -- Kossen Co.on Friday 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 9 million common shares at a price of 1,100 won per share. The stocks will be sold to the investors that the firm designated.

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