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Lotte Group plans to launch an initial public offering (IPO) of its Malaysian petrochemical unit, Lotte Chemical Titan, which could raise up to $1.4 billion. The IPO, scheduled for later this month, is expected to be the largest offering in nearly two years. Several investors, including a Malaysian state-owned fund manager and private insurance companies, have expressed interest in taking up to 20% of the IPO.
Monday, 5 June, 2017