21 December 2004
Titan Chemicals Files for Listing

Titan Chemicals today announced that it has submitted its initial public offering proposal to the Securities Commission, the Ministry of International Trade and Industry, and the Foreign Investment Committee, with intent to list on the Main Board of the Bursa Malaysia.

Titan Chemicals was the first and is the largest integrated producer of olefins and polyolefins in Malaysia, as well as the second largest polyolefins producer in Southeast Asia.

“We are strongly considering listing during 2005, subject to prevailing market conditions and obtaining required approvals.  Titan Chemicals is an established integrated petrochemicals producer with modern, state-of-the-art facilities operating in the politically stable and growing Malaysian market.  We are also well positioned throughout the region, including major markets like China, Vietnam, Bangladesh and the Middle East.” said Mr Donald M. Condon, Jr., Managing Director of Titan Chemicals.

He added, “An initial public equity offering could provide opportunities for our shareholders, employees, business partners and potential investors to participate in the future growth and profits of Titan Chemicals.”

Commerce International Merchant Bankers is the financial adviser for the proposed IPO, and together with Goldman Sachs are the Joint Global Co-ordinators and Joint Book-runners. Additionally, Mayban Securities Berhad and DBS Bank Ltd had also been appointed as Joint Book-runners for this proposed exercise.

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