SEOUL, JULY 22 (Yonhap) — Osung Advanced Materials Co. on Thursday announced that it will sell stocks to raise 13.5 billion won(US$11.7 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 4.27 million common shares at a price of 3,155 won per share. The stocks will be sold to the investors that the firm designated.
(END)


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