Medicox-capital increase

Medicox to raise 1 bln won via stock offering

SEOUL, Dec. 27 (Yonhap) -- Medicox Co. on Tuesday announced that it will sell stock to raise 1 billion won (US$786,533). The proceeds from the stock sale will be used mainly to finance business acquisition.

According to a regulatory filing, the company will issue 309,310 common shares at a price of 3,233 won per share. The stock will be sold to the investors that the firm designated.

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