LS Cable & System Asia to go public in Sept.

[THE INVESTOR] LS Cable & System Asia will float its shares on South Korea’s main bourse KOSPI in September, the company said on Aug. 12.

The holding firm of LS C&S’ Vietnamese operations was set up in 2015 by South Korea’s leading cable manufacturer in a push to list its two affiliated companies in Vietnam.

The two Vietnamese units -- LS-VINA and LSCV -- are the largest power cable makers in Vietnam with a combined market share exceeding 30 percent.

The holding company’s initial public offering will open on Sept. 22 with a price band at 10,000 won (US$9.07) to 15,000 won.

It will offer 12,650,140 equity shares.

By Park Han-na (hnpark@heraldcorp.com)