Hybe to raise 700 bln won via stock sale

Hybe-capital increase

Hybe to raise 700 bln won via stock sale

SEOUL, NOVEMBER 4 (Yonhap) -- Hybe Co.on Thursday announced that it will sell stocks to raise 700 billion won The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 2.3 million common shares at a price of 304,008 won per share. The stocks will be sold to the investors that the firm designated.

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