All go for Posco

A share buyback by Posco has given the KDB placement a huge fillip as investors applaud Posco''s use of excess cash.
June 12, 2000

The board of Pohang Iron and Steel Company (Posco) has approved a share buyback equivalent to 3% of the company's issued share capital. The shares will be bought from the Korea Development Bank (KDB) at the same time as KDB sells its remaining 6.8% stake to foreign shareholders in a secondary placement of ADRs.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media