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Lotte Chemical revises IPO price, size in bid to attract better quality investors

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Published Mon, Jul 3, 2017 · 09:50 PM

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Singapore

IN AN attempt to ostensibly attract better quality institutional investors leery of its hefty valuations, Lotte Chemical Titan Holding (LCT) has revised its IPO price and size by about a fifth.

The initial public offer will be re- sized by reducing 160.5 million shares, or 23.4 per cent of the institutional portion, to 524.2 million shares, Maybank Investment Bank said in a filing to the stock exchange on Monday on LCT's behalf.

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