Cellivery Therapeutics to raise 19.5 bln won via stock offering

Cellivery Therapeutics-capital increase

Cellivery Therapeutics to raise 19.5 bln won via stock offering

SEOUL, Sept. 30 (Yonhap) -- Cellivery Therapeutics Inc.on Thursday announced that it will sell stocks to raise 19.5 billion won(US$16.5 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 387,668 preferred shares at a price of 50,300 won per share. The stocks will be sold to the investors that the firm designated.

(END)

(C) Yonhap News Agency. All Rights Reserved