General Announcement::SGX welcomes listing of Kakao Corp. GDR

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
02-Feb-2018 10:20:28
Status
New
Announcement Sub Title
SGX welcomes listing of Kakao Corp. GDR
Announcement Reference
SG180202OTHRHFN9
Submitted By (Co./ Ind. Name)
Yee Kai Pin
Designation
Vice President
Effective Date and Time of the event
02/02/2018 00:00:00
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of Kakao Corp. Global Depository Receipt (GDR) by introduction on its Mainboard. The shares underlying Kakao Corp. GDR are listed on the Korea Stock Exchange.

Kakao Corp., with an estimated market capitalisation of US$8.8 billion, is a leading mobile lifestyle platform company in South Korea. The company provides an array of services including a communication and mobile messaging platform; a content platform offering music, news and webtoons; gaming and lifestyle platforms; as well as a fintech platform that allows users to make payments or transfer cash.

Park Sung-hun, Chief Strategy Officer at Kakao Corp., said, "It is our great pleasure to announce that Kakao's GDRs have been granted a listing at the SGX. Through this listing we expect greater success in the field of content and technology business in the near future."

Chew Sutat, Head of Equities and Fixed Income at SGX, said, "We are pleased to welcome the listing of Kakao Corp. GDR on SGX. This listing marks a key milestone in Kakao Corp. s global expansion plans, and contributes to Singapore's vibrant technology and wealth management centres. Kakao Corp. GDR will be the sixth GDR listing from Korea-listed companies which have raised a total of US$2.9 billion. We look forward to becoming a strong capital raising and business partner for Korean companies expanding their businesses globally."

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