Lotte Chemical Titan Ipo Prospectus
6th floor bangunan malaysian re no.
Lotte chemical titan ipo prospectus. We recommend you to subscribe to this ipo due to good business structure plan and good utilization of ipo proceeds. At the moment petronas chemicals trades at 16 02 and pt chanda asri at 16 59 versus the expected pe of lotte chemical titan at 15. Ipo prospectuses relating to initial public offering of companies and collective investment schemes to be listed at bursa.
Lotte chemical titan to raise rm5 92b from ipo 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 rm5 9bil and achieve a post listing market capitalisation of rm19 7bil at the retail price of rm8 per share. 684 7 million shares will be for institutional investors private placement selected investors and the remaining 55 78 million shares made available to the eligible directors and employees of lotte chemical titan holdings berhad and malaysian public. The potential deal would give a boost to the nation s equity capital market which has only seen.
Lotte chemical titan raised rm3 77 billion in july 2017. Offering up to 941 5 million shares representing around 15 of its enlarged issued share capital mr diy said it planned to use the ipo proceeds primarily to repay bank borrowings. Securities cannot be offered and application for securities cannot be accepted until the prospectus has been registered by.
Lotte chemical titan holding berhad 199101012045 222357 p. The mr diy listing is on track to be the largest in malaysia since lotte chemical titan raised 3 77 billion ringgit in july 2017. Lotte chemical titan holding berhad.
Lotte chemical titan part of the south korean conglomerate lotte group fell 1 8 percent to end at 6 38 ringgit on its first day of trade giving it a market value of 14 7 billion ringgit 3 4. Raised 849 million in 2017 data compiled by bloomberg show. Other cornerstone investors include fidelity investments and aberdeen standard investments one of four sources with knowledge of the deal said.
17 lorong dungun damansara heights 50490 kuala lumpur malaysia. Lotte chemical titan chairman abdul rahman mamat announcing the ipo prospectus said the firm has been spending to increase production capacity for long term growth. The initial public offering ipo would be the largest in malaysia for more than three years.
