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Lotte Chemical Titan's IPO proceeds cut by RM226m on share buybacks

Mimi Sabreena 8:53:00 PM Informasi

KUALA LUMPUR (July 24): Lotte Chemical Titan Holding Bhd (LCT) has received valid acceptances for its share buyback offer from 4,125 retail and Bumiputera investors, who altogether hold 34.81 million shares in the company.

The buyback offer reduced LCT's gross proceeds from its initial public offering (IPO) by 6% or RM226.25 million to RM3.54 billion, from RM3.77 billion previously, it said in a filing today.

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