Rarity value the key as Kolao turns to Singapore GDRs
As a South Korean-listed company that distributes Kia and Hyundai cars in Laos and wants to expand into Myanmar, Kolao presents an esoteric investment case. But Deutsche Bank and Goldman Sachs are hoping that the company's growth story is sufficient to get investors interested in an accelerated capital raising being carried out through a GDR listing in Singapore this week.
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