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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

Korea Asset in Trust to float shares on July 13

By Korea Herald

Published : July 12, 2016 - 17:17

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[THE INVESTOR] Real estate trust company Korea Asset in Trust has gained the final approval for listing on the main bourse, Korea Exchange said on July 11.

Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13 with an IPO price of 10,300 won (US$8.97) per share.

Established in 2001, KAIT is the market leader in real estate trust companies in Korea, which posted 834 billion won in operating income and 36.3 billion won in net profit last year.

The company’s affiliates include property developer MDM and MDM+ and it operates Korea Asset Investment Capital and Korea Asset Investment Management.

(theinvestor@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

Korea Asset in Trust to float shares on July 13

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