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‘Falling foreign interest forced IPO revision’

8:53:00 AM
‘Falling foreign interest forced IPO revision’

KUALA LUMPUR: Subdued foreign interest in Malaysian equity markets could have led to the reduction in the price and offering size of Lotte Chemical Titan Holding Bhd’s (LCT) initial public offering (IPO), say analysts.

Foreign investor reception to the IPO was reported to be lukewarm, although on the local front, there was support from cornerstone investors such as Permodalan Nasional Bhd, Eastspring Investments Bhd, Great Eastern Life Assurance (M) Bhd, Maybank Asset Management Sdn Bhd and Maybank Islamic Asset Management Sdn Bhd.

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