Ricoh bags $69m in Sindoh sell down

By Rev Hui
10 Sep 2013

Japan based Ricoh Company has completed a W75bn ($69m) sell down of a stake in Korean office equipment manufacturer Sindoh on September 10, making it the third Korean block deal to price in a week.

The base offer consists of 1.2m secondary shares, or a 12% stake in Sindoh, and was priced at W57,421, a 9% discount to the September 9 close of W63,100. A 100,000 share greenshoe was subsequently taken up due to good investor response, which increased the size of the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial