Seongan-capital increase

Seongan to raise 1 bln won via stock offering

SEOUL, Jan. 2 (Yonhap) -- Seongan Co.on Monday announced that it will sell stock to raise 1 billion won (US$785,792). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 1.29 million common shares at a price of 775 won per share. The stock will be sold to the investors that the firm designated.

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