KB Investment to oversee Jeil Holdings’ IPO

[THE INVESTOR] KB Investment & Securities is to be selected to oversee the initial public offering of Jeil Holdings, local media reported Aug. 19.

Jeil Holdings is the holding company of Harim Group, a South Korean livestock and animal feed group. Harim’s subsidiaries also include shipping line Panocean, formerly STX Panocean. 

According to reports citing unnamed finance industry sources, Harim Group will hold a board of directors’ meeting on Aug. 24 and confirm KB Investment & Securities for the task, along with Shinhan Investment.

Jeil Holdings’ market capitalization is projected to reach 2 trillion won (US$1.8 billion), with 400 billion won expected at subscription. KB Investment & Securities’ fee is estimated to be about 4 billion won.

This will be the largest IPO KB Investment & Securities has overseen.

By Choi He-suk (cheesuk@heraldcorp.com)