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Petronas IPO to raise $4.2bn at $1.69 a share

first_img Tags: NULL KCS-content Wednesday 13 October 2010 7:19 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today whatsapp Sharecenter_img Malaysia’s Petronas Chemicals is likely to raise $4.2bn (£2.6bn) in Southeast Asia’s biggest ever IPO after setting an indicative price range for the float, analysts said.The unit of Malaysian state oil giant Petronas indicated at a briefing it is likely to price its IPO at 5.05 ringgit for retail investors and 5.20 ringgit ($1.69) for institutions, analysts said. However, a spokesman said the price range for the IPO has not been set.“A price range has not yet been determined and the information will be distributed through the proper channels when it has been set,” the spokesman said, adding the process was still very much in “its early days”.The IPO comes as Asian capital markets are seeing a flurry of multi-billion deals, helped by a flood of liquidity, low interest rates and strong economic growth. Petronas Chemicals’ IPO is set to exceed Maxis’ $3.3bn IPO last year and also raise more capital than the proposed listing of another Petronas-linked vehicle, Malaysia Marine and Heavy Engineering. Petronas IPO to raise $4.2bn at $1.69 a share whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Show Comments ▼last_img read more

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Zenith Bank PLC (ZENITH.ng) HY2017 Presentation

first_imgZenith Bank PLC (ZENITH.ng) listed on the Nigerian Stock Exchange under the Banking sector has released it’s 2017 presentation results for the half year.For more information about Zenith Bank PLC (ZENITH.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Zenith Bank PLC (ZENITH.ng) company page on AfricanFinancials.Document: Zenith Bank PLC (ZENITH.ng)  2017 presentation results for the half year.Company ProfileZenith Bank Plc is a financial services institution in Nigeria offering banking products and services for the personal, commercial, corporate, private and investment banking sectors. The company also offers non-banking services such as foreign exchange, treasury, trade services and cash management services. Its full-service offering ranges from transactional accounts, savings accounts and deposits to short term investment funds, association accounts, personal funds management, funds transfer service and import letters of credit. Established in 1990 and formerly known as Zenith International Bank Limited, the company changed its name to Zenith Bank Plc in 2004. The company has three subsidiaries: Zenith Bank (Ghana) Limited and Zenith Bank (Sierra Leone) and Zenith Bank (Gambia) Limited. It has representative offices in South Africa and The People’s Republic of China. Its company head office is in Lagos, Nigeria. Zenith Bank Plc is listed on the Nigerian Stock Exchangelast_img read more

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