Eoflow to raise 6.6 bln won via stock sale

Eoflow-capital increase

Eoflow to raise 6.6 bln won via stock sale

SEOUL, Oct. 26 (Yonhap) -- Eoflow Co.on Tuesday announced that it will sell stocks to raise 6.6 billion won (US$5.7 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue 175,312 common shares at a price of 52,575 won per share. The stocks will be sold to the investors that the firm designated.

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