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The Korea Herald
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THE INVESTOR
March 29, 2024

Stocks & Bonds

Harim Group’s holding firm sets IPO price at bottom-end

  • PUBLISHED :June 16, 2017 - 16:34
  • UPDATED :June 16, 2017 - 16:34
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[THE INVESTOR] Jeil Holdings, the holding company of Harim Group, Korea’s leading livestock and animal feed group, has set its IPO price at 20,700 won (US$18.30), the bottom-end of the range till 22,700 won.

“The most important thing is how we successfully complete the IPO rather than the price,” an official at Jeil said.

At 20,700 won, Jeil seeks to raise 420 billion won from newly issued 20,381,000 shares. After listing, the firm plans to pay back 330 billion won loans related to its 1 trillion won acquisition of shipper PanOcean in 2015.




The subscription period has been set for June 19-20. The first trading day will be June 30.

Jeil, established in 1950, became Harim’s holding company in 2011. It controls six listed companies -- Pan Ocean (50.9 percent), Harim Holdings (68.09 percent), Farmsco (56.3 percent), Harim (47.92 percent), Sunjin (50 percent) and Jeil Feed (100 percent) -- and 68 other subsidiaries.

By Park Ga-young (gypark@heraldcorp.com)

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