Itx-ai to raise 7 bln won via stock sale

Itx-ai-capital increase

Itx-ai to raise 7 bln won via stock sale

SEOUL, April 20 (Yonhap) -- Itx-ai Co.on Thursday announced that it will sell stock to raise 7 billion won (US$5.3 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 14 million common shares at a price of 500 won per share. The stock will be sold to the investors that the firm designated.

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