From Bloomberg, dateline 2010-10-12:
Petronas Chemicals Bhd., the petrochemicals unit of Malaysia’s state oil company, may raise as much as $4 billion in the Southeast Asian nation’s biggest initial public offer, said two people familiar with the matter.
Banks advising on the sale set an indicative price of 5.20 ringgit per share, said the people, who spoke on condition of anonymity. The company had originally planned to raise about $2 billion, people with knowledge of the matter said in June.
Petronas Chemicals is one of two Petroliam Nasional Bhd. units slated for a listing this year. Malaysia Marine & Heavy Engineering Bhd., a maritime heavy engineering group, said in a prospectus Oct. 6 that it aims to raise as much as 2.04 billion ringgit ($655 million) this month.
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Wata - Malaysian Oil and Gas Engineer 
which two persons? “Ren and Stimpy” or “Itchy and Scratchy” or “Tom and Jerry” or ….
Quality of news is shit nowadays
Salam Wata,
From ur opinion, is it worth to buy this IPO? Thanks
Tali Kapal: Talking of the top of my head, I would guess it’s a good deal. Nothing to do with economics though. As Malaysians are speculative investors, they will look at MMHE IPO, see that the traded share price was above the IPO offer price, and believe that this will happen again, i.e. buy at IPO, sell before day closing.