Gencurix to raise 28 bln won via stock offering

SEOUL– Gencurix Inc.on Monday announced that it will sell stock to raise 28 billion won (US$22.7 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue some 6.47 million common shares at a price of 4,325 won per share. The stock will be sold to the firm’s shareholders.

Source: Yonhap News Agency

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