Rainbow Robotics to raise 59 bln won via stock offering

Rainbow Robotics-capital increase

Rainbow Robotics to raise 59 bln won via stock offering

SEOUL, Jan. 3 (Yonhap) -- Rainbow Roboticson Tuesday announced that it will sell stock to raise 59 billion won The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 1.94 million common shares at a price of 30,400 won per share. The stock will be sold to the investors that the firm designated.

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