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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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, 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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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, 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 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, 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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According to the article – ‘Daewoo’s Green Korea Become First Korean SPAC to Price‘ posted on the SPAC Report website - Daewoo Securities’ SPAC Green Korea raised KRW 87.5 billion ($75.9 million) and became the first SPAC to successfully price in the country’s recently instituted SPAC initiative, according to an email from Kab Lae Kim, a...
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With last weeks approvals for Hyundai Securities and Tong Yang securities to respectively list a SPAC, interest is growing as Korea gets closer to its first such transaction. Towards the end of last year Korea’s Financial Services Commission (FSC), as part of their widespread deregulation, revised regulations to allow private investors to form a...
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Tong Yang Investment Bank received regulator’s approval to list a special purpose acquisition company (SPAC), reported Korea’s Maeil Business newspaper. According to the story, a statement by the Korea Stock Exchange stated that Tong Yang IB  the listed South Korean brokerage is expected to raise KRW 45bn (USD 39m) via the IPO. Without citing...
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