Formosa Plastics, Nan Ya Plastics, and Formosa Chemicals & Fibre - Formosa Petrochemical Corp's three largest shareholders plan to raise up to US$340 miln from the sale of shares in Taiwan's top plastics conglomerate. The three plan to sell 129.6 miln shares in an indicative range of T$77-79 each, added IFR, a Thomson Reuters publication. That would put the deal at T$10.24 bln (US$340 mln). The deal may grow to 154.8 million if underwriters exercise an option to sell additional shares to meet demand. Bank of America Merrill Lynch and UBS AG were hired as joint bookrunners of the selldown.
17-Jan-14 
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