Friday, November 12, 2010

Petronas Chems said to price IPO at RM5.20

PETRONAS Chemicals Group Bhd, the petrochemicals unit of Malaysia's state oil company, priced shares at RM5.20 each for institutions in the Southeast Asian nation's biggest initial public offering, two people familiar with the matter said.

CIMB Group Holdings Bhd, Deutsche Bank AG and Morgan Stanley are advising on the sale. - Bloomberg

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