The petrochemical group opened at its revised initial public offering IPO price of RM650 and hit RM653 shortly after the opening bell. Malaysias Lotte Chemical Titan has priced its initial public offering at 65 ringgit per share the bottom of its indicative price range to raise 878m in the countrys biggest stock.
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With the ceiling IPO price set at 8 ringgit a share Lotte Chemical Titan could raise as.
. MOSCOW -- Malaysias Lotte Chemical Titan Holding a subsidiary of Lotte Chemical Corp has raised about 377 B ringgit USD878 MM from an initial public offering. The initial public offering IPO of integrated olefin and polyolefin producer Lotte Chemical Titan Holding Bhd LCT is expected to raise gross proceeds of approximately. StarBiz reported yesterday that Lotte Chemicals new offer price would be RM650 a share compared with the previous range of between RM760 and RM8 a share.
Power producer Malakoff Corp Bhd raised 274 billion ringgit 642 million in May 2015. David Riedel of Riedel Research Group says there could be some upside for the stock. Lotte Chemical Titan shares begin trading in Malaysia on July 11.
Lotte Chemical Titan Tbk FPNI bergerak dalam bidang pembuatan produk yang terbuat dari plastik. LOTTE CHEMICAL TITAN produces one of Malaysias most comprehensive portfolios of olefins and polyolefins which contribute to the enhancement of every day life. Despite the reduction Lotte Chemical Titans IPO is set to be Malaysias biggest since 2012 estimated to raise between 8777 million and 11 billion.
Lotte Chemical Titan part of the South Korean conglomerate Lotte Group fell 18 percent to end at 638 ringgit on its first day of trade giving it a market value of 147 billion. Then it drifted south touching a low of. KUALA LUMPUR July 3 Reuters - Malaysias Lotte Chemical Titan Holding Sdn Bhd said on Monday it has reduced the number of shares on offer in its initial public offering by.
Perusahaan dan anak perusahaan tergabung dalam grup Lotte Chemical. Lotte Chemical Titan LCT had offered an initial IPO price at RM800 which they THINK the market value of its price would be around RM880 according to the theory above. The lower price for.
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