JPMorgan launches Kumgang GDR

A $30 million GDR for Kumgang Korea Chemical will price on Tuesday.

In what may rank as the most petite GDR of the year, JPMorgan has launched a $30 million issue for Kumgang Korea Chemical.

The company is a Korean market leader in paints and building products and is popular with major institutional investors such as Capital and Fidelity - with foreign institutions owning about 40% of the company.

The timing of the GDR may strike some as strange. In fact, it is a legacy of a...

To continue reading, please login or register for free

Click for more on: jpmorgan | launches | kumgang | gdr

Print Edition

FinanceAsia Print Edition

CONFERENCES