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[THE INVESTOR] Englewood Lab, a US cosmetics developer and manufacturer, is seeking to be listed on South Korea’s secondary KOSDAQ bourse, and has turned in an application, it announced Aug. 26.
The company is expecting to go public in mid-October, offering 3.5 million shares at a price band range between 6,000 won (US$5.40) and 7,000 won. The lead financial adviser is Hana Financial Investment.
Englewood Lab plans to set up manufacturing facilities in South Korea to strengthen its presence in Asia and also to expand to makeup products.
By Hwang You-mee (glamazon@heraldcorp.com)
