Lemon to raise 19.2 bln won via stock sale

Lemon-capital increase

Lemon to raise 19.2 bln won via stock sale

SEOUL, July 20 (Yonhap) -- Lemon Co.on Thursday announced that it will sell stock to raise 19.2 billion won (US$15.2 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 5 million common shares at a price of 3,930 won per share. The stock will be sold to the firm’s shareholders.

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