Medicox to raise 4 bln won via stock sale

SEOUL, May 13 (Yonhap) -- Medicox Co.on Friday announced that it will sell stocks to raise 4 billion won (US$3.1 million). The proceeds from the stock offering will be used primarily to finance its operations.

According to a regulatory filing, the company will issue some 7.93 million common shares at a price of 504 won per share. The stocks will be sold to the investors that the firm designated.
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