Willings-capital increase

Willings to raise 10 bln won via stock sale

SEOUL, Sept. 29 (Yonhap) -- Willings Co.on Wednesday announced that it will sell stocks to raise 10 billion won (US$8.5 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 391,389 common shares at a price of 25,550 won per share. The stocks will be sold to the investors that the firm designated.

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