ID :
95595
Fri, 12/18/2009 - 11:38
Auther :
Shortlink :
https://www.oananews.org//node/95595
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Korea Life Insurance applies for IPO on Korea Exchange
SEOUL, Dec. 18 (Yonhap) -- Korea Life Insurance Co. has submitted an application to list its shares on the Seoul main bourse, the bourse operator said Friday.
South Korea's third-largest life insurer by market share handed in the
application on Wednesday to conduct its initial public offering (IPO), which will
be arranged by Daewoo Securities Co., according to the Korea Exchange.
Korea Life Insurance booked 83 billion won (US$70.6 million) in net profit in
fiscal 2008 that ended in March 2009, with its equity capital at 3.6 trillion
won, the exchange said.
pbr@yna.co.kr
(END)
South Korea's third-largest life insurer by market share handed in the
application on Wednesday to conduct its initial public offering (IPO), which will
be arranged by Daewoo Securities Co., according to the Korea Exchange.
Korea Life Insurance booked 83 billion won (US$70.6 million) in net profit in
fiscal 2008 that ended in March 2009, with its equity capital at 3.6 trillion
won, the exchange said.
pbr@yna.co.kr
(END)
