Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Korea Telecom Raises $2.24 Billion in ADRs

Photonics.com
Jul 2001
SEOUL, July 2 -- Korea Telecom has sold a 17.8 percent government stake to overseas investors via $2.24 billion in American Depositary Receipts (ADRs). The issue, the biggest Asian ADR this year, will add to Korea Telecom's ADRs and is part of Seoul's plan to privatize the company by mid-2002. Each ADR is equivalent to half a share. The ADR offering, amounting to 55.5 million common shares, has reduced the government's stake in Korea Telecom to 40.1 percent from 57.9 percent.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.