KEPCO subsidiary to list shares on KRX next week

SEOUL, Dec. 10 (Yonhap) -- A power-plant designing subsidiary of Korea Electric
Power Corp. (KEPCO), South Korea's electric power agency, will list its shares on
the Korea Exchange (KRX) next week, the bourse operator said Thursday.

Korea Power Engineering Co. will list 38.22 million shares on the Seoul main
bourse on Monday after raising 165.1 billion won (US$142.1 million) through an
initial public offering, the KRX said.
After the offering, KEPCO's stake will be reduced to 77.94 percent from 97.94
percent.
Korea Power Engineering, which provides designs for nuclear and thermal
powerhouses, logged 27.5 billion won in net profit for 2008 with total assets of
353.1 billion won, KRX said.
The initial price of the shares will be set at between 90-200 percent of its
offer price of 21,600 won, the bourse operator said.
pbr@yna.co.kr
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