Aerospace Technology Of Korea-capital increase

Aerospace Technology Of Korea to raise 48 bln won via stock offering

SEOUL, Dec. 23 (Yonhap) -- Aerospace Technology Of Korea Inc.on Friday announced that it will sell stock to raise 48 billion won (US$37.5 million). The proceeds from the stock sale will be used mainly to pay off its debts.

According to a regulatory filing, the company will issue some 15.85 million common shares at a price of 4,415 won per share. The stock will be sold to the investors that the firm designated.

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