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Singapore – LAWFUEL – The Law News Network – The Singapore office of i…

Singapore – LAWFUEL – The Law News Network – The Singapore office of international law firm Clifford Chance advised Titan Chemicals Corp Bhd, Malaysia’s largest producer of olefins and polyolefins, on its US$210.8 million IPO under Rule 144A and Regulation S, with a listing on Bursa Malaysia. This represents the largest Malaysian IPO of the year to date.

CIMB and Goldman Sachs International acted as Joint Global Coordinators and together with DBS Bank Ltd and Mayban Securities Sdn Bhd as Joint Bookrunners.

The Clifford Chance team was led by partner Crawford Brickley, with assistance from senior associates Chris Holland and Krishna Ramachandra.
Crawford Brickley commented:
“Titan Chemical’s IPO, having been successfully executed in challenging market conditions, represents another significant milestone in the development of international IPOs from Malaysia. We are very pleased to have taken part in this transaction.“

Clifford Chance has advised on most of the landmark capital markets transactions in Malaysia in recent years, including advising Bursa Malaysia, AirAsia, ASTRO All Asia Networks and Maxis Communications on their international IPOs, and advising on international bond offerings by Khazanah Nasional, Sarawak International, Genting, Maybank, Southern Bank, Telekom Malaysia, RHB Bank and Unisem International.

British MP George Galloway and his opponent the Daily Telegraph will leave no stone unturned to sort out what could be a spectacular libel case.