Hyulim Robot-capital increase

Hyulim Robot to raise 1 bln won via stock offering

SEOUL, Nov. 22 (Yonhap) -- Hyulim Robot Co.on Monday announced that it will sell stocks to raise 1 billion won (US$843,809). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 1.45 million common shares at a price of 689 won per share. The stocks will be sold to the investors that the firm designated.

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