Korea / Special Sits, Pairs, Index Rebalancing, Clepsydra Capital

Sanghyun Park

Korea / Special Sits, Pairs, Index Rebalancing

Equity Capital Markets

Lotte Chemical Titan Holding Berhad / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/8757" target="_blank" data-smartkarma-citation="entities:8757:1">Lotte Chemical Corp (011170 KS)</a> disclosed the details of <a href="https://www.smartkarma.com/entities/24159" target="_blank" data-smartkarma-citation="entities:24159">Lotte Chemical Titan Holding Berhad (1512242D MK)</a>'s IPO in a regulatory filing. The first regulatory filing was posted on Apr 3, and the second regulatory filing containing additional information was posted on Apr 4.IPO Detail<ul>
<li>IPO bourse: Bursa Malaysia (Kuala Lumpur Stock Exchange)</li>
<li>Target date of IPO: 3Q 2017</li>
<li>IPO structure: New rights offering of up to 740,483,000 shares (30% of shares outstanding) with GreenShoe option of up to 55,537,000…</li>
</ul>

Lotte Chemical Corp (011170 KS) disclosed the details of Lotte Chemical Titan Holding Berhad (1512242D MK)'s IPO in a regulatory filing. The first regulatory filing was posted on Apr 3, and the second regulatory filing containing additional information was posted on Apr 4.IPO Detail
IPO bourse: Bursa Malaysia (Kuala Lumpur Stock Exchange)
Target date of IPO: 3Q 2017
IPO structure: New rights offering of up to 740,483,000 shares (30% of shares outstanding) with GreenShoe option of up to 55,537,000…


Lotte Chemical Titan's Malaysia IPO Detail from Regulatory Filing

It is reported that Lotte Chemical will push ahead with Lotte Chemical Titan's Kuala Lumpur IPO this year. The bookrunners are JPM, CS, Maybank and HSBC. Lotte is targeting +US$3bil market cap for Titan whose OP for last year was almost US$500mil (20% of Lotte Chemical's total OP last year). Lotte Chemical owns 100% stake in Titan, and Lotte Chemical is said to be seeking for more M&amp;A deals with money to be raised from this IPO. The detailed time schedule of this IPO has not been made available yet, but Lotte Chemical is believed to be wanting to complete this IPO in the second half of this year, and the company is believed to be seeking to raise about US$500-700mil from this IPO.

It is reported that Lotte Chemical will push ahead with Lotte Chemical Titan's Kuala Lumpur IPO this year. The bookrunners are JPM, CS, Maybank and HSBC. Lotte is targeting +US$3bil market cap for Titan whose OP for last year was almost US$500mil (20% of Lotte Chemical's total OP last year). Lotte Chemical owns 100% stake in Titan, and Lotte Chemical is said to be seeking for more M&amp;A deals with money to be raised from this IPO. The detailed time schedule of this IPO has not been made available yet, but Lotte Chemical is believed to be wanting to complete this IPO in the second half of this year, and the company is believed to be seeking to raise about US$500-700mil from this IPO.

Lotte Chemical Titan's US$3 Billion Kuala Lumpur IPO Is Imminent - Details & Issues

Malaysia

Lotte Chemical Titan Holding Berhad operates as a holding company. The Company, through its subsidiaries, offers polyethylene, ethylene, benzene, toluene, and other chemicals.

Lotte Chemical Titan Holding Berhad (TTNP MK)

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Lotte Chemical Titan Holding Berhad (TTNP MK)

Lotte Chemical Titan's Malaysia IPO Detail from Regulatory Filing

Lotte Chemical Corp (011170 KS) disclosed the details of Lotte Chemical Titan Holding Berhad (1512242D MK)'s IPO in a regulatory filing. The first...

Sanghyun Park

Lotte Chemical Titan's US$3 Billion Kuala Lumpur IPO Is Imminent - Details & Issues

It is reported that Lotte Chemical will push ahead with Lotte Chemical Titan's Kuala Lumpur IPO this year. The bookrunners are JPM, CS, Maybank and...

Sanghyun Park

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