Formosa Petrochemical sell-down raises $350m

The partially upsized block trade in the Taiwan refiner was more than half-covered at launch and priced at a 5% discount.
January 17, 2014

The controlling shareholders of Taiwan oil refiner Formosa Petrochemical have raised NT$10.52 billion ($350 million) from the sale of a small portion of their combined stake in the company.

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