Tuesday 07 Feb 2012

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 in bio, information technology, alternative energy or pollution treatment involved company, the report added.

See Interest grows as Korea’s first SPAC transaction draws closer for more information or here for all stories regarding the Korea SPAC market.

(Source: Yonhap News)




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