Construction materials manufacturer KCC has raised $597 million through the sale of its remaining 17% stake in Korean auto parts maker Mando, Finance Asia reports. JP Morgan acted as the sole bookrunner for the offering.
Over 80 investors participated in the offering, for which 60% of the demand came from international investors, while the rest were Korean investors. The stakes were offered in a range between $0.18 and $0.19 per share.
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