[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 (sahn@heraldcorp.com)