Leaders Technology Investment-capital increase

Leaders Technology Investment to raise 11.5 bln won via stock offering

SEOUL, Oct. 26 (Yonhap) -- Leaders Technology Investment Co.on Wednesday announced that it will sell stock to raise 11.5 billion won (US$8.1 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 23 million common shares at a price of 500 won per share. The stock will be sold to the investors that the firm designated.

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