Seyoung D&C to raise 3.5 bln won via stock sale

Seyoung D&C-capital increase

Seyoung D&C to raise 3.5 bln won via stock sale

SEOUL, Dec. 15 (Yonhap) -- Seyoung D&C Co.on Wednesday announced that it will sell stocks to raise 3.5 billion won (US$3 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 5.32 million common shares at a price of 657 won per share. The stocks will be sold to the investors that the firm designated.

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