Macrogen "Subsidiary Somagen Raises 60.4 Billion KRW in Paid-in Capital Increase"
Precision medicine company Macrogen announced on the 9th that its subsidiary, Somagen, will conduct a paid-in capital increase (general public offering) to raise 60.4 billion KRW. The funds will be allocated as follows: 13 billion KRW for debt repayment, 2.9 billion KRW for facility investment, and 7.5 billion KRW for operating expenses.
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