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Maybank: Lotte Chemical Titan 'may be subject to stabilising action'

Mimi Sabreena 1:52:00 PM Informasi

KUALA LUMPUR (July 7): Maybank Investment Bank Bhd said it might buy up to 27.77 million Lotte Chemical Titan Holding Bhd shares to stabilise the stock's price.

Maybank is the stabilising manager for Lotte Chemical Titan, which is expected to be listed on Bursa Malaysia's Main Market this Tuesday (July 11).

Today, Maybank said "the (Lotte Chemical Titan) shares may be subject to stabilising action and the stabilising manager may buy up to 27,768,500 Shares to undertake the stabilising action."

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