Zinus to raise 120 bln won via stock sale

Zinus-capital increase

Zinus to raise 120 bln won via stock sale

SEOUL, March 22 (Yonhap) -- Zinus Inc. on Tuesday announced that it will sell stocks to raise 120 billion won(US$98.2 million). The proceeds from the stock offering will be used primarily to finance its facilities.

According to a regulatory filing, the company will issue some 1.43 million common shares at a price of 83,800 won per share. The stocks will be sold to the investors that the firm designated.

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