Amore applies institutional foundation

Korean cosmetics company broadens investor base through block trade.

An undisclosed institutional investor completely divested its stake in Korea's leading cosmetics company yesterday November 17, raising $163 million from the sale of a 6.3% stake in AmorePacific Corp. Under the lead of Credit Suisse First Boston, a 561,969 share deal was marketed on a price range of Won294,500 to Won303,800 before being priced at Won300,000, which represented a 3.23% discount to the stock's Won310,00 close.

The order book is said to have closed...

To continue reading, please login or register for free

Click for more on: amore | applies | institutional | foundation

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...