Igis Residence Reit-capital increase

Igis Residence Reit to raise 45 bln won via stock offering

SEOUL, June 8 (Yonhap) -- Igis Residence Reit Co.on Wednesday announced that it will sell stocks to raise 45 billion won (US$35.9 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue some 7.75 million common shares at a price of 5,800 won per share. The stocks will be sold to the investors that the firm designated.

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