Legochem Biosciences-capital increase

Legochem Biosciences-capital increase

Legochem Biosciences to raise 160 bln won via stock offering

SEOUL, JULY 7 (Yonhap) -- Legochem Biosciences Inc. on Wednesday announced that it will sell stocks to raise 160 billion won (US$140.6 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 3 million preferred shares at a price of 3,013,180 won per share. The stocks will be sold to the investors that the firm designated.

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