Lotte Chemical Titan Ipo
Lotte chemical titan holding bhd has priced its shares at rm6 50 each sharply lower than what the bursa malaysia main market bound company had originally hoped for amid tepid.
Lotte chemical titan ipo. 17 lorong dungun damansara heights 50490 kuala lumpur malaysia. The company s post listing market capitalisation is about rm19 7bil and it will be the largest ipo in malaysia since august 2012 and the largest in southeast asia since may 2013. Lotte chemical titan raised 3 77 billion ringgit in july 2017.
The initial public offering ipo would be the largest in malaysia for more than three years. Let lotte chemical titan holding bhd the petrochemical producer that went public in malaysia last month be a lesson to all companies in how not to launch an ipo. Other cornerstone investors include fidelity investments and aberdeen standard investments one of four sources with knowledge of the deal said.
6th floor bangunan malaysian re no. Lotte chemical titan to raise rm5 92b from ipo. Lotte chemical titan holding berhad 199101012045 222357 p.
Automotive and construction took the lion share more than 50. Dannyarcher and packaging stood at about 30 of the demand for pp and pe if i am not mistaken. Malaysia s lotte chemical titan holding ttnp ul raised about 3 77 billion ringgit 878 million from an initial public offering ipo after pricing its shares at the bottom of an indicative range.
Lotte chemical titan holding bhd lct which returned to the main market of bursa malaysia yesterday is confident in its growth prospects in light of stabilising prices of crude oil which makes up its core feedstock however it is not the same for some investors judging by the share price performance on its listing day the petrochemical group opened at its revised initial. 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.
