[THE INVESTOR] Chinese auto parts manufacturer Rothwell International will list on Korea’s tech-heavy KOSDAQ, the bourse operator Korea Exchange said June 28.
“As a listed Chinese firm, we will take the lead in resolving China discount and creating premium,” the company’s chief executive Zhou Xiangdong said at a press conference in Seoul on June 14.
Established in 2014, Rothwell International is a Hong Kong-based company that operates subsidiary Jiangsu Rothwell Electric.
Last year, the company posted 95.4 billion won (US$81.4) in sales and net income of 17.7 billion won.
The price of the IPO is set at 3,200 won per share.
By Ahn Sung-mi (firstname.lastname@example.org