Sangsangin Industry to raise 1 bln won via stock offering

Sangsangin Industry-capital increase

Sangsangin Industry to raise 1 bln won via stock offering

SEOUL, April 10 (Yonhap) -- Sangsangin Industry Co.on Monday announced that it will sell stock to raise 1 billion won (US$757,747). The proceeds from the stock sale will be used mainly to pay off its debts.

According to a regulatory filing, the company will issue 841,750 common shares at a price of 1,188 won per share. The stock will be sold to the investors that the firm designated.

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