Daewoo Shipbuilding to premarket GDR

Taking advantage of a strong share price performance, Kamco and KDB will begin to pre-market a divestment in Daewoo Shipbuilding next week.

Investors canvassed by the leads report that Goldman Sachs and JPMorgan will begin pre-marketing a 15% divestment in Daewoo Shipbuilding next Wednesday. Based on this Wednesday's closing share price of Won10,250, the deal will raise $243.5 million and represent only the third straight equity offering from Asia this year.

Timing is considered opportune, however, because the company has just been included in the MSCI index for the first time and ranks as one of the few strong...

To continue reading, please login or register for free

Click for more on: daewoo | shipbuilding | premarket | gdr

Print Edition

FinanceAsia Print Edition

CONFERENCES