Woongjin Energy Co., a South Korean solar-battery parts maker, will list its shares on the country's main stock market this week, the bourse operator said Monday.
The company will list 62 million shares on Wednesday and the starting share price will be
determined between a 90-200 percent range of its initial public offering price (IPO) of 9,500 won
(US$7.9), the Korea Exchange (KRX) said in a statement.
Woongjin Energy raised 150.86 billion won last week after selling 15.88 million shares in an IPO and said the money will be used to expand facilities for solar battery components.
The company earned 41 billion won on sales of 118.9 billion won in 2009, according to the KRX.