Orbitech to raise 10 bln won via stock offering

SEOUL– Orbitech Co.on Friday announced that it will sell stock to raise 10 billion won (US$7.8 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 2.34 million common shares at a price of 4,271 won per share. The stock will be sold to the investors that the firm designated.

Source: Yonhap News Agency

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