Coffee franchise Ediya announces plan to go public
Published: 18 Dec. 2017, 19:44
The coffee franchise operator said it has signed up Mirae Asset Daewoo Securities as the lead manager for its listing.
The latest decision to go public is part of its efforts to secure funds to construct a new roasting factory in Pyeongtaek, 70 kilometers (43.5 miles) south of Seoul, according to the company. Ediya recently bought a 13,200-square-meter (3.26-acre) plot of land in the region.
Ediya also aims to improve the brand’s competitiveness and the management transparency through the listing, it said. Yonhap
with the Korea JoongAng Daily
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