Wintec to raise 15 bln won via stock sale

Wintec-capital increase

Wintec to raise 15 bln won via stock sale

SEOUL, March 14 (Yonhap) -- Wintec Co.on Tuesday announced that it will sell stock to raise 15 billion won (US$11.4 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 3.44 million common shares at a price of 4,353 won per share. The stock will be sold to the investors that the firm designated.

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