Sewon-capital increase

Sewon to raise 5 bln won via stock offering

SEOUL, May 23 (Yonhap) -- Sewon Co.on Tuesday announced that it will sell stock to raise 5 billion won (US$3.8 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 2.25 million common shares at a price of 2,213 won per share. The stock will be sold to the investors that the firm designated.

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