PCL. Inc-capital increase

PCL. Inc to raise 3 bln won via stock sale

SEOUL, Dec. 21 (Yonhap) -- PCL. Incon Wednesday announced that it will sell stock to raise 3 billion won (US$2.3 million). The proceeds from the stock offering will be used primarily to finance its facilities.

According to a regulatory filing, the company will issue 224,483 common shares at a price of 13,364 won per share. The stock will be sold to the investors that the firm designated.

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