Chinese auto parts manufacturer Rothwell International is set to be listed on the Korean stock exchange next month.

The company seeks to raise as much as 68.2 billion won ($59 million) through an initial public offering in Korea, according to a preliminary IPO prospectus.


The firm, which will kick off a two-day bookbuilding session starting May 24, has set its price range at 2,400 won to 3,600 won per share for the upcoming IPO. It will give Rothwell a market capitalization of up to 280 billion won.

If the Hong Kong-based company makes a successful stock debut here, it will become the second foreign company to list its shares on the tech-heavy KOSDAQ market in 2016, following China Crystal, the Chinese synthetic mica manufacturer.

The supplier of Foton Motor, China’s largest truck maker, posted 95.4 billion won in sales last year, up 16.2 percent from a year earlier and its net profit increased 9.9 percent on-year to 17.7 billion won.

By Park Han-na (hnpark@heraldcorp.com)