Hyosung Chemical to raise 50 bln won via stock offering

Hyosung Chemical Corp.on Thursday announced that it will sell stock to raise 50 billion won (US$37.4 million). The proceeds from the stock sale will be used mainly to finance its operations.

According to a regulatory filing, the company will issue 601,685 common shares at a price of 83,100 won per share. The stock will be sold to the investors that the firm designated.

Source: Yonhap News Agency

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