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THE INVESTOR] Real estate trust company Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13.
“Through the initial public offering, the company will go beyond real estate trust business and become the No.1 real estate and finance company,” Kim Kyu-chul head of KAIT said at a press conference in Yeouido, Seoul, on June 24.
Established in 2001, KAIT is the market leader in real estate trust companies in Korea. In the first quarter this year, the company recorded operating profit of 18.5 billion won (US$ 15.7 million).
The company’s affiliates include property developer MDM and MDM+ and it operates Korea Asset Investment Capital and Korea Asset Investment Management.
It will issue shares within the range of 9,100 won to 10,300 won. Daishin Securities and Shinhan Investment is KAIT’s IPO manager.
By Ahn Sung-mi (
sahn@heraldcorp.com)
