Titan Petrochemicals to raise US$300- US$400 million

17-Feb-05
Titan Petrochemicals expects that the major investments underway in oil storage facilities in China will be the key growth drivers and pave the way for expansion into oil distribution and petrochemicals in the future. Hong Kong listed Titan Petrochemicals Group Ltd. plans to raise between US$300 million to US$400 million through an international bond. Majority of the company businesses are in Singapore, but it also has operations in Hong Kong and mainland China.
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Moulds for lotion pump