Australia Securities Exchange

Kina Securities initial public offering (IPO) to help to set up Kina Bank

Under the IPO, approximately 97 million fully paid ordinary shares were offered at K2.08/ A$1.00. KSL will have a market capitalization of approximately K341 million/ A$164 million on listing.

KSL was officially listed on the stock market at 11am today in Port Moresby and Sydney.

On the POMSoX KSL stock was offering at K2.03 and in few minutes the offering rose to K2.50.