TS Trillion to raise 20 bln won via stock sale

TS Trillion-capital increase

TS Trillion to raise 20 bln won via stock sale

SEOUL, June 20 (Yonhap) -- TS Trillion Co.on Tuesday announced that it will sell stock to raise 20 billion won (US$15.6 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 31.29 million common shares at a price of 639 won per share. The stock will be sold to the investors that the firm designated.

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