S.Korea Doosan Bobcat to withdraw its current IPO plans, will resubmit

HD Hyundai Infracore Co

09/10/2016 23:24

SEOUL, Oct 10 (Reuters) - South Korea's Doosan Bobcat Inc 
will withdraw its existing initial public offering plans and 
will resubmit a new plan as soon as possible, the machinery 
maker's largest shareholder Doosan Infracore Co Ltd  042670.KS  
said in a regulatory filing on Monday.  
    Doosan Bobcat conducted bookbuilding last week after setting 
in September a preliminary price range of 41,000-50,000 won per 
share for the IPO, which would have allowed the IPO to raise up 
to 2.45 trillion Korean won  ($2.20 billion).  urn:newsml:reuters.com:*:nL3N1BK330 
    Under South Korean exchange rules, Doosan Bobcat has until 
about February 2017 to list or start the process over.  
    A Doosan Infracore spokesman declined comment beside the 
regulatory filing.  
     
 
($1 = 1,114.7500 won) 
 
 (Reporting by Joyce Lee; editing by Diane Craft) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSAN BOBCAT IPO/