Xperix to raise 10 bln won via stock sale

Xperix-capital increase

Xperix to raise 10 bln won via stock sale

SEOUL, July 17 (Yonhap) -- Xperix Inc.on Monday announced that it will sell stock to raise 10 billion won (US$7.9 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue 708,266 common shares at a price of 14,120 won per share. The stock will be sold to the investors that the firm designated.

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