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April 30, 2026

Kumyang to raise 450.3 bln won via stock sale

Kumyang Co.on Friday announced that it will sell stock to raise 450.3 billion won(US$342.3 million). The proceeds from the stock offering will be used primarily to finance its facilities.

According to a regulatory filing, the company will issue some 11.56 million common shares at a price of 38,950 won per share. The stock will be sold to the firm’s shareholders.

Source: Yonhap News Agency

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