ID :
211533
Thu, 10/06/2011 - 12:27
Auther :
Shortlink :
https://oananews.org//node/211533
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KOSDAQ firms to hold IR session in Hong Kong
HONG KONG, Oct. 6 (Yonhap) -- South Korea's bourse operator Korea Exchange (KRX) will hold a joint investment relations (IR) session in Hong Kong this week for twelve South Korean companies traded on the country's secondary stock market, officials said Thursday, in an effort to lure investors.
The KRX has been regularly organizing IR events abroad for companies on the tech-heavy KOSDAQ to boost the interest of foreign investors that can help the market.
Officials for the exchange said the session, to be held on Friday, is aimed at highlighting the attractiveness of the KOSDAQ-listed companies.
Participating KOSDAQ companies includes Celltrion Co., POSCO ICT Co., Modoo Tour Co. and Techno Semichem Co.
KRX said Hong Kong-based institutional investors and fund managers have been invited to the IR session. One-on-one meetings are also scheduled between the listed firms and investors.
The latest IR action comes amid concerns that the global economy may be heading for another recession.
According to South Korea's Financial Supervisory Service (FSS), foreigners offloaded South Korean stocks and bonds worth around 1.3 trillion won (US$1.1 billion) in September as they fled for safe-haven assets.
If the massive 5.9 trillion won worth of selling that took place in August is counted, foreigners offloaded a net 7.2 trillion won in equities over the last two months.
Foreign stock ownership of South Korean shares, meanwhile, rebounded to 30.7 percent, after dipping to 29.8 percent last month, the first time the figure fell below the 30 percent level since October of 2010, the FSS said.
The KRX has been regularly organizing IR events abroad for companies on the tech-heavy KOSDAQ to boost the interest of foreign investors that can help the market.
Officials for the exchange said the session, to be held on Friday, is aimed at highlighting the attractiveness of the KOSDAQ-listed companies.
Participating KOSDAQ companies includes Celltrion Co., POSCO ICT Co., Modoo Tour Co. and Techno Semichem Co.
KRX said Hong Kong-based institutional investors and fund managers have been invited to the IR session. One-on-one meetings are also scheduled between the listed firms and investors.
The latest IR action comes amid concerns that the global economy may be heading for another recession.
According to South Korea's Financial Supervisory Service (FSS), foreigners offloaded South Korean stocks and bonds worth around 1.3 trillion won (US$1.1 billion) in September as they fled for safe-haven assets.
If the massive 5.9 trillion won worth of selling that took place in August is counted, foreigners offloaded a net 7.2 trillion won in equities over the last two months.
Foreign stock ownership of South Korean shares, meanwhile, rebounded to 30.7 percent, after dipping to 29.8 percent last month, the first time the figure fell below the 30 percent level since October of 2010, the FSS said.
