Diac to raise 10 bln won via stock offering

Diac-capital increase

Diac to raise 10 bln won via stock offering

SEOUL, MAY 11 (Yonhap) -- Diac Co.on Wednesday announced that it will sell stocks to raise 10 billion won (US$7.8 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 50 million common shares at a price of 200 won per share. The stocks will be sold to the investors that the firm designated.

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