South Korea-based brokerage, E*Trade Korea and Japanese investment firm, SBI, will jointly list a special purpose acquisition company (SPAC) in July, reported Asia Economy.The report, which cited information from the company, said the two firms completed the registration of the SPAC on 28 May and plan to apply for preliminary evaluation this month.
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SPAC News
E*Trade Korea and Japan’s SBI to jointly list SPAC
Two more Korean securities firms to list SPACs
LIG Investment & Securities, the South Korean brokerage, plans to list a special purpose acquisition company (SPAC) in July, seeking to raise KRW 25bn (USD 22.6m). Whereas, Hanwha Securities, another South Korean brokerage firm, plans to list a SPAC, to raise KRW 20bn (USD 18m).
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Woori Investment & Securities applies to list SPAC
Woori Investment & Securities submitted an application for the preliminary evaluation to list a special purpose acquisition company (SPAC), according to a Korea Stock Exchange announcement yesterday. Woori Investment & Securities, the South Korean brokerage, plans to raise KRW 45bn (USD 40m) through the listing and the price was set at KRW 15,000 (U$13.25) a...
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Regulators call for caution as Korea’s SPACs keep hitting upper trading limits
Korea’s financial watchdog, the FSS, is closely monitoring Korea’s “SPAC fervor” as the listed SPACs keep hitting the upper daily trading limits. An article is Wednesday’s Korea Herald reports - “SPAC fervor” is continuing in Korea’s stock market, as repeated warnings failed to curb investors’ appetite for the new investment vehicle, designed to give...
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Kiwoom Securities to list KRW 25bn SPAC May/June
Kiwoom Securities, the South Korean brokerage, plans to list a special purpose acquisition company (SPAC) between May and June 2010, reported Asia Economy. The unsourced report said that the size of the SPAC may be KRW 25bn (USD 22m), but did not reveal any details about the potential target. (Source: Asia Economy)
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Bookook Securities to list KRW 20bn SPAC in June
Bookook Securities, the South Korean brokerage, plans to list a special purpose acquisition company (SPAC) in June 2010, reported Edaily. The report, citing information from the company, said that the size of the SPAC may be KRW 20bn (USD 17.7m). With the potential acquisition involved in the green technology, IT convergence, or biotechnology field....
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Woori I&S, Shinhan Investment, and Meritz-AT Kearney to list SPACs in April/May
After the successful listing of Daewoo Securities’ SPAC last month, Woori Investment & Securities and Shinhan Investment both plan to list SPACs in April respectively, with Meritz Securities and A.T. Kearney to jointly list a SPAC in May. The Korea Economic Daily reported - Woori Investment Securities, the South Korean brokerage, will likely list a...
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Daishin Securities to list KRW 30bn SPAC
Daishin Securities, the South Korean brokerage, will list a special purpose acquisition company (SPAC) in May, reported Edaily. The report cited Im Hong Jae, a director at Daishin as saying his company completed the registration of the SPAC, and the size will be about KRW 30bn (USD 26m). After listing, Daishin plans to identify...
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Hana Daetoo IB to list KRW 20bn SPAC in May
Hana Daetoo Investment Banking, the South Korean brokerage, will list a SPAC in May, Yonhap News reported. The report, citing information released by Hana Daetoo, noted that the size of the SPAC could be about KRW 20bn (USD 17m). Hana Daetoo has completed the registration of the SPAC, and plans to make an acquisition...
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Kyobo Securities and KTB Securities to list SPAC; seek to raise KRW 25bn
Kyobo Securities and KTB Securities, the South Korean brokerages, will jointly list a special purpose acquisition company (SPAC) this year, reported Asia Economy. The report, citing information released by Kyobo Securities, noted that the size of the SPAC could be about KRW 25bn (USD 21m). Kyobo Securities and KTB have completed the registration of...
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