KB Asset Management to list Balhae Infrastructure Fund

Quick Summary:

These toll road assets serve an estimated 108 million vehicles annually, delivering consistent cash flow that underpins a projected second-half dividend yield above 7%.The IPO comprises 23.8 million shares priced at 8,400 won ($6.09), targeting capital of around 200 billion won ($150 million).

Launched in 2006, KBIF focuses on social overhead capital (SOC) investments, with key assets in toll roads and tunnels.

The bookbuilding period for institutional investors is November 8-10, with a public subscription period for retail investors on November 18-19.

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Article Details

Category: Economy

Markets: South Korea

Topics: Million November Capital Investors Securities Shares Assets Asset Toll Korea Period

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 12:39:36 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 145 words

Reading Time: 1 minutes read

Sentences: 13 lines

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Copyright Owner: © Korea Economic Daily

News ID: 23359936

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