Barefoot Investor: Petronas Chemicals debuts with a 10% premium -26th Nov 2010

KUALA LUMPUR: Shares of South East Asia's largest initial public offer (IPO) to-date, Petronas Chemicals, made their debut Friday on Bursa Malaysia at RM5.71, up 51 sen or nearly 10% above the IPO price of RM5.20.

Today's listing marked the second time this year national oil company Petroliam Nasional has gone down the IPO route.

Last month, the company's heavy engineering unit Malaysia Marine and Heavy Engineering, made its debut on the stock exchange.

Petronas Chemicals would replace gaming company Berjaya Sports Toto on the 30-stock FBM KLCI next Monday.(Source: The Star Online)


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