ID :
185283
Mon, 05/30/2011 - 10:33
Auther :
Shortlink :
https://oananews.org//node/185283
The shortlink copeid
SeAH Special Steel to debut on Seoul bourse this week
SEOUL, May 30 (Yonhap) -- SeAH Special Steel Co., a South Korean steelmaker, will start trading its shares on the Seoul main stock market this week, the local bourse operator said Monday.
The Korea Exchange (KRX) said in an e-mailed statement that shares of SeAH Special Steel will be listed on the main bourse on June 1. The initial share price will be set in the 90-200 percent range of the firm's initial public offering price of 28,000 won (US$25.90), according to the KRX.
Established in 1986, the company is the country's leading manufacturer of steel auto parts such as CHQ wires, CD bars and STS bars.
In 2010, SeAH Special Steel logged a net profit of 30.8 billion won on a revenue of 527.2 billion won. The company said in a media conference earlier this month that it aims to post a revenue of 1 trillion won in 2014 by boosting global sales.
The steelmaker is an affiliate of SeAH Holdings Corp., which holds a 69.9 percent stake.
The Korea Exchange (KRX) said in an e-mailed statement that shares of SeAH Special Steel will be listed on the main bourse on June 1. The initial share price will be set in the 90-200 percent range of the firm's initial public offering price of 28,000 won (US$25.90), according to the KRX.
Established in 1986, the company is the country's leading manufacturer of steel auto parts such as CHQ wires, CD bars and STS bars.
In 2010, SeAH Special Steel logged a net profit of 30.8 billion won on a revenue of 527.2 billion won. The company said in a media conference earlier this month that it aims to post a revenue of 1 trillion won in 2014 by boosting global sales.
The steelmaker is an affiliate of SeAH Holdings Corp., which holds a 69.9 percent stake.
