[THE INVESTOR] Englewood Lab plans to list on secondary bourse KOSDAQ and build a manufacturing hub in South Korea, said CEO David Chung at a press conference in Seoul on Sept. 22.
The US cosmetics ingredient manufacturer is poised to go public in October.
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Englewood Lab's product packaging line. |
Established in 2004, the ODM company has provided skincare products to over 60 beauty brands including Elizabeth Arden, Clinique, Kiehl’s and L’Oreal. It posted 59.6 billion won (US$54.02 million) revenue and 6.2 billion won operating profit in 2015, a 53 percent and 33 percent hike on-year.
Englewood Lab will issue 4.2 million shares priced between 5,700 won and 6,700 won.
By Hwang You-mee (
glamazon@heraldcorp.com)
