China petrochemicals firm SunVic Chemical Holdings Ltd. plans to raise between S$39.5- 47.3 mln (US$25.7-30.8 mln) in a Singapore initial public offering. The company is to offer 155 million new shares -- representing 25.7% of its enlarged share capital, at an indicative price range of 25.5 to 30.5 Singapore cents. The IPO is divided into 147 million shares for institutional investors and 8 million shares for retail investors. DBS Bank is the manager and underwriter for the IPO.
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