Hyulim Robot-capital increase
Hyulim Robot to raise 1 bln won via stock offering
SEOUL, Nov. 22 (Yonhap) -- Hyulim Robot Co.on Monday announced that it will sell stocks to raise 1 billion won (US$843,809). The proceeds from the stock sale will be used mainly to finance its operations.
According to a regulatory filing, the company will issue some 1.45 million common shares at a price of 689 won per share. The stocks will be sold to the investors that the firm designated.
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