ID :
80077
Tue, 09/15/2009 - 20:27
Auther :
Shortlink :
https://www.oananews.org//node/80077
The shortlink copeid
Tong Yang Life Insurance eyes stock market debut next month
SEOUL, Sept. 15 (Yonhap) -- Tong Yang Life Insurance Co., a mid-sized South
Korean insurer, said Tuesday it plans to list its shares on Seoul's main bourse
next month, becoming the first local life insurer to go public.
Tong Yang Life Insurance plans to list about 20 million shares on the Korea
Exchange on Oct. 8 at an estimated price range of between 17,000 won (US$14) and
22,000 won, the company said.
Established in 1989, the life insurer booked 19.8 billion won of net profit in
the April-June period with total assets of 9.5 trillion won.
pbr@yna.co.kr
(END)
Korean insurer, said Tuesday it plans to list its shares on Seoul's main bourse
next month, becoming the first local life insurer to go public.
Tong Yang Life Insurance plans to list about 20 million shares on the Korea
Exchange on Oct. 8 at an estimated price range of between 17,000 won (US$14) and
22,000 won, the company said.
Established in 1989, the life insurer booked 19.8 billion won of net profit in
the April-June period with total assets of 9.5 trillion won.
pbr@yna.co.kr
(END)
