Daewoo Shipbuilding to premarket GDR

Taking advantage of a strong share price performance, Kamco and KDB will begin to pre-market a divestment in Daewoo Shipbuilding next week.

Jackie Horne

May 01, 2003

Investors canvassed by the leads report that Goldman Sachs and JPMorgan will begin pre-marketing a 15% divestment in Daewoo Shipbuilding next Wednesday. Based on this Wednesday's closing share price of Won10,250, the deal will raise $243.5 million and represent only the third straight equity offering from Asia this year.

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