[THE INVESTOR] Real estate trust company Korea Asset in Trust has gained the final approval for listing on the main bourse, Korea Exchange said on July 11. 


Korea Asset In Trust is set to go public on Korea’s benchmark KOSPI on July 13 with an IPO price of 10,300 won (US$8.97) per share.

Established in 2001, KAIT is the market leader in real estate trust companies in Korea, which posted 834 billion won in operating income and 36.3 billion won in net profit last year.

The company’s affiliates include property developer MDM and MDM+ and it operates Korea Asset Investment Capital and Korea Asset Investment Management.

(theinvestor@heraldcorp.com)