Naturecell to raise 5 bln won via stock offering

Naturecell-capital increase

Naturecell to raise 5 bln won via stock offering

SEOUL, June 13 (Yonhap) -- Naturecell Co.on Tuesday announced that it will sell stock to raise 5 billion won(US$3.9 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 500,000 common shares at a price of 10,000 won per share. The stock will be sold to the investors that the firm designated.

(END)

(C) Yonhap News Agency. All Rights Reserved