S.Korea stock exchange says approves Doosan Bobcat's planned IPO

HD Hyundai Infracore Co

16/08/2016 03:38

SEOUL, Aug 16 (Reuters) - South Korea's stock exchange said 
on Tuesday it approved Doosan Bobcat Inc's plan for an initial 
public offering (IPO), which the company's major shareholder 
previously said is planned by the end of this year.  
    Doosan Infracore Co Ltd  042670.KS  owns a 67 percent stake 
of the construction equipment company.  
    Doosan Bobcat has 31 subsidiaries in 20 countries and 
reported sales of 4.04 trillion won ($3.69 billion) and net 
profit of 148 billion won in 2015, the Korea Exchange said in a 
statement.  
   
($1 = 1,095.7000 won) 
 
 (Reporting by Joyce Lee; Editing by Kim Coghill) 
 ((jungyoon.lee@thomsonreuters.com; +82 2 3704 5609; Reuters 
Messaging: jungyoon.lee.thomsonreuters.com@reuters.net)) 
 
Keywords: DOOSANBOBCAT IPO/