Ndfos-capital increase

Ndfos to raise 3 bln won via stock sale

SEOUL, April 1 (Yonhap) -- Ndfos Co.on Friday announced that it will sell stocks to raise 3 billion won (US$2.5 million). The proceeds from the stock offering will be used primarily to finance its facilities.

According to a regulatory filing, the company will issue 374,157 common shares at a price of 8,018 won per share. The stocks will be sold to the investors that the firm designated.

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