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.

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