KUALA LUMPUR: Petroliam Nasiona Bhd (Petronas), which is listing is unit Petronas Chemical Group Bhd, is reported to have raised RM12.8 billion from the listing exercise.
Wire reports said on Friday, Nov 12 the shares were priced at RM5.20 to institutions.
Petronas Chemicals is a leading integrated petrochemicals producer in Malaysia and one of the largest in Southeast Asia with a production capacity of over 11 million tonnes per annum.
It offered 2.48 billion shares equivalent to a 31% stake of the enlarged group. This consists of 1.78 billion existing shares and the remaining 700 million new shares. The retail shares were offered at RM5.05 per share or 97% of the final institutional price.
Wire reports said on Friday, Nov 12 the shares were priced at RM5.20 to institutions.
Petronas Chemicals is a leading integrated petrochemicals producer in Malaysia and one of the largest in Southeast Asia with a production capacity of over 11 million tonnes per annum.
It offered 2.48 billion shares equivalent to a 31% stake of the enlarged group. This consists of 1.78 billion existing shares and the remaining 700 million new shares. The retail shares were offered at RM5.05 per share or 97% of the final institutional price.
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