Kespion to raise 1 bln won via stock offering

Kespion-capital increase

Kespion to raise 1 bln won via stock offering

SEOUL, Dec. 8 (Yonhap) -- Kespion Co.on Thursday announced that it will sell stock to raise 1 billion won (US$758,723). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 793,649 common shares at a price of 1,260 won per share. The stock will be sold to the investors that the firm designated.

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