SEOUL, June 29 (Reuters) - South Korean refiner Hyundai Oilbank Co Ltd has received preliminary approval for its planned initial public offering (IPO), the Korea Exchange said on Wednesday.
It reported non-consolidated revenue of 20.3 trillion won and 565 billion won in operating profit in 2021, the Korea Exchange said in a statement.
NH Investment & Securities, KB Securities and Credit Suisse are lead advisers on the deal, a Hyundai Oilbank spokesperson said.
This is Hyundai Oilbank's third listing attempt, after it pulled previous plans for an IPO in 2012 and 2018 due to market conditions.
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