Im to raise 9 bln won via stock offering

Im-capital increase

Im to raise 9 bln won via stock offering

SEOUL, July 31 (Yonhap) -- Im Co.on Monday announced that it will sell stock to raise 9 billion won (US$7.1 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.

According to a regulatory filing, the company will issue some 1.57 million common shares at a price of 5,710 won per share. The stock will be sold to the investors that the firm designated.

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