Hyundai Mipo exits KCC with $121m clean-up sale

The transaction extends the recent revival in Korean deal flow after a particularly strong first quarter and provides some solace after the Hotel Lotte IPO was pulled.

Hyundai Mipo exits KCC with $121m clean-up sale

Hyundai Mipo Dockyard raised W142.1 billion $121 million through a clean-up trade in chemical and auto parts manufacturer KCC Corp on Tuesday, extending Korea's strong run of secondary share sales so far this year.

Driven by a number of follow-on offerings from affiliates of Samsung Group as well as Korea Aerospace Industries, South Korea has been a hot spot for Asian equity capital markets this year, especially in the first quarter when deal...

To continue reading, please login or register for free

Click for more on: hyundai mipo dockyard | kcc | block | korea | credit suisse

Print Edition

FinanceAsia Print Edition

CONFERENCES