KUALA LUMPUR: Petronas Chemicals Group Bhd (PGB) is offering 2.48 billion shares under its initial public offer (IPO), of which 1.178 billion will be existing shares and the remaining 700 million new shares.
According to its prospectus on Monday, Nov 1, the retail shares would be offered at RM5.05 per share.
Based on the eight billion shares to be listed, including the new shares, the total market capitalisation will be RM40.40 billion.
The listing exercise includes offering for sale existing 1.78 billion shares. Of this, 1.148 billion shares would be offered to the Malaysian and foreign institutional and selected investors including approved Bumiputera investors.
The retail offering of 293.02 million existing shares to the Malaysian public, eligible directors of PGB and Petroliam Nasional Bhd (Petronas) at RM5.05 each, subject to a refund of the difference if the final retail price is below the retail price.
PGB said the exercise will involve the public issue of 700 million new shares to Malaysian and foreign institutional and selected investors at the institution price.
According to its prospectus on Monday, Nov 1, the retail shares would be offered at RM5.05 per share.
Based on the eight billion shares to be listed, including the new shares, the total market capitalisation will be RM40.40 billion.
The listing exercise includes offering for sale existing 1.78 billion shares. Of this, 1.148 billion shares would be offered to the Malaysian and foreign institutional and selected investors including approved Bumiputera investors.
The retail offering of 293.02 million existing shares to the Malaysian public, eligible directors of PGB and Petroliam Nasional Bhd (Petronas) at RM5.05 each, subject to a refund of the difference if the final retail price is below the retail price.
PGB said the exercise will involve the public issue of 700 million new shares to Malaysian and foreign institutional and selected investors at the institution price.
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