Arab Today, arab today aircraft maker kai set to debut on seoul bourse
Last Updated : GMT 14:41:56
Arab Today, arab today
Arab Today, arab today

Aircraft maker KAI set to debut on Seoul bourse

Arab Today, arab today

Arab Today, arab today Aircraft maker KAI set to debut on Seoul bourse

Seoul - Yonhap

Aircraft maker KAI set to debut on Seoul bourse  Korea Aerospace Industries Ltd. (KAI), South Korea\'s leading aircraft maker, said Wednesday its shares will start trading on the country\'s main stock market later this month. A total of 97.4 million KAI shares will be listed on the major bourse on June 30 after selling 36.6 million shares through an initial public offering (IPO), the company said in a news conference. KAI, whose market cap is estimated to reach around 1.5 trillion won (US$1.4 billion), said it plans to use the proceeds from the IPO on new facility and equipment investments as the company is pushing to expand overseas. \"KAI aims to become a global company with revenue of 4.3 trillion won in 2020,\" said company president Kim Hong-kyung. \"The company plans to generate half of its profit from overseas in 2015, and keep increasing its portion of exports.\" The aircraft maker currently reaps around 60 percent of its profit from domestic demand, but it has been stepping up efforts to boost exports. In May, KAI clinched a $400 million deal to export 16 T-50 trainer jets to Indonesia. Established in 1999, the company\'s main shareholders include state-run policy lender Korea Finance Corp., top automaker Hyundai Motor Co. and precision machinery maker Samsung Techwin Co. The aircraft manufacturer posted a net profit of 78.8 billion won on revenue of 1.3 trillion won in 2010.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aircraft maker kai set to debut on seoul bourse Arab Today, arab today aircraft maker kai set to debut on seoul bourse

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today aircraft maker kai set to debut on seoul bourse Arab Today, arab today aircraft maker kai set to debut on seoul bourse

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 05:52 2017 Wednesday ,28 June

Suzanne Tamim’s father refuses to give comment

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday