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Englewood Lab of US seeks KOSDAQ listing in Oct.

By 황유미

Published : Sept. 22, 2016 - 16:16

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[THE INVESTOR] Englewood Lab plans to list on secondary bourse KOSDAQ and build a manufacturing hub in South Korea, said CEO David Chung at a press conference in Seoul on Sept. 22.

The US cosmetics ingredient manufacturer is poised to go public in October.

 
Englewood Lab's product packaging line. Englewood Lab's product packaging line.


Established in 2004, the ODM company has provided skincare products to over 60 beauty brands including Elizabeth Arden, Clinique, Kiehl’s and L’Oreal. It posted 59.6 billion won (US$54.02 million) revenue and 6.2 billion won operating profit in 2015, a 53 percent and 33 percent hike on-year.

Englewood Lab will issue 4.2 million shares priced between 5,700 won and 6,700 won.

By Hwang You-mee (glamazon@heraldcorp.com)

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