HLB Therapeutics to raise 13 bln won via stock sale

HLB Therapeutics-capital increase

HLB Therapeutics to raise 13 bln won via stock sale

SEOUL, Jan. 4 (Yonhap) -- HLB Therapeutics Co. on Wednesday announced that it will sell stock to raise 13 billion won(US$10.2 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue 1.15 million common shares at a price of 11,312 won per share. The stock will be sold to the investors that the firm designated.

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