Lotte Chemical Titan make gains, but still below IPO price
12 Jul 2017 / 11:08 H.
PETALING JAYA: Lotte Chemical Titan Holding Bhd's shares edged up by 0.16% this morning, but failed to reach the RM6.50 mark after falling short on its debut yesterday.
At 10.53am today, the shares gained one sen, trading at RM6.39 with some 1.07 million shares changing hands.
The shares closed 1.85% or 12 sen lower yesterday at RM6.38, against the initial public offering (IPO) price of RM6.50.
Lotte Chemical Titan previously cut its size of offering after its books were undersubscribed and later relaunch its IPO price RM1.50 lower to RM6.50 per share, given the lukewarm response to its listing exercise.