Paxnet gets approval for Kosdaq listing

[THE INVESTOR] Paxnet, a South Korean financial data provider, was approved for listing on the secondary bourse Kosdaq, the Korea Exchange on July 29.

The stock of Paxnet will start trading from Aug. 1, and the indicative share price has been set at 5,200 won (US$4.63).

The firm, which was established in 1999, logged 20.59 billion won in sales and 3.63 billion won in net income last year.

(theinvestor@heraldcorp.com)