Korea's Youngone launches $130 million GDR offering

The OEM manufacturer of garments opened the order books yesterday for what is set to be the first equity deal of size in Korea this year.

<div style="text-align: left;"> Youngone's Seoul headquarters </div>

January 29, 2013

Youngone Corp, a Seoul-headquartered original equipment manufacturer (OEM) of garments, opened the order books yesterday for its debut offering of global depository receipts (GDRs) that could raise about $120 million to $130 million, a source said yesterday.

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