Korea District Heating, Lock & Lock to list shares on KRX

SEOUL, Jan. 27 (Yonhap) -- Korea District Heating Corp., a state-run electricity and heat supplier, and plastic-ware maker Lock & Lock Co. will list their shares on the Korea Exchange (KRX) this week, the bourse operator said Wednesday.

The initial price of Korea District Heating will be set at between 90-200 percent
of the initial public offering (IPO) price of 45,000 won (US$38.8) on its first
day of trading Friday, while the starting price for Lock & Lock will be decided
within the same range of 15,700 won, according to the KRX.
Korea District Heating is 34.5 percent owned by the government, and other state
agencies hold a combined 34.5 percent stake after the energy company raised 130
billion won by selling shares to the market for the first time, according to the
KRX.
The company booked a net profit of 101.8 billion won in the first six months of
last year, with assets totaling 2.97 trillion won.
Lock & Lock raised 157 billion won through an IPO and chalked up a 23.1 billion
won in net income during the first six months of 2009.
pbr@yna.co.kr
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