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Zero to Seven Eyes Stock Listing

June 05, 2012 13:50|July 04, 2012 13:05
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Zero to Seven, a subsidiary of Maeil Dairies with specialty in baby products, plans to go for IPO in the second half of this year. Zero to Seven plans to apply for screening in August in preparation for going public on the KOSDAQ over-the-counter market. The company aims to complete its KOSDAQ listing by December 2012.

Zero to Seven hopes to raise 20-30 billion won funds through stock listing which will be underwritten by Hyundai Securities. Despite a flurry of companies delaying their IPOs due to recent plunge in the stock market, Zero to Seven plans to list itself within this year on the back of its strong performance.

The company posted an operating profit of 9.1 billion won last year, nearly three-fold jump from a year ago, with its net profits estimated at 5.3 billion won, up 26 percent yoy.