Petronas Chemicals: Creating an Asia/Pacific Champion

Petronas Chemicals Group (PCG; Kuala Lumpur), Malaysia’s energy major Petronas’s chemical business, was listed on the Malaysian stock exchange at the end of 2010. The listing consolidated the Petronas Group’s chemical business and gave it a new lease on life, officials say. The move was designed to give PCG greater focus, improve growth prospects, and maximize the value of the country’s resources. The listing took the form of an initial public offering (IPO) for 36% of PCG’s shares, and it was Malaysia’s largest IPO, raising...

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