Icure Pharmaceutical Incorp. to raise 80 bln won via stock offering

Icure Pharmaceutical Incorp.-capital increase

Icure Pharmaceutical Incorp. to raise 80 bln won via stock offering

SEOUL, Sept. 19 (Yonhap) -- Icure Pharmaceutical Incorp. on Monday announced that it will sell stock to raise 80 billion won(US$57.4 million). The proceeds from the stock sale will be used mainly to pay off its debts.

According to a regulatory filing, the company will issue some 12.32 million common shares at a price of 6,490 won per share. The stock will be sold to the firm’s shareholders.

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