Genexine to raise 100 bln won via stock sale

Genexine-capital increase

Genexine to raise 100 bln won via stock sale

SEOUL, SEPTEMBER 26 (Yonhap) -- Genexine Inc.on Monday announced that it will sell stock to raise 100 billion won(US$69.9 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 5.79 million common shares at a price of 17,250 won per share. The stock will be sold to the firm’s shareholders.

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