Ihq Inc to raise 10 bln won via stock sale

SEOUL, June 9 (Yonhap) -- Ihq Incon Thursday announced that it will sell stocks to raise 10 billion won (US$8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.

According to a regulatory filing, the company will issue some 10.68 million preferred shares at a price of 936 won per share. The stocks will be sold to the investors that the firm designated.
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