Willings to raise 1 bln won via stock sale

Willings Co.on Friday announced that it will sell stock to raise 1 billion won (US$754,200). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue 101,214 common shares at a price of 9,880 won per share. The stock will be sold to the investors that the firm designated.

Source: Yonhap News Agency

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