Sale of ICI's holding in Australia unit fires keen interest: global offering of 62% stake in chemicals concern is bolstered by Sanguine profit outlook
Article Abstract:
Investment advisers are urging investors to buy up shares of ICI Australia Proprietary Ltd as the company expects solid growth in 1998 and stocks are expected to remain at A$ 12.40 per share or lower. The mother company's withdrawal from the Australian subsidiary ensures adequate stocks at reasonable prices and the cyclical nature of the the company's product line ensures that it will benefit from the recent upswing in the Australian economy.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Jilin seen as good long-term play on China petroleum products markets
Article Abstract:
Jilin Chemical Industrial Co. aims to cash in on the strong showing of Chinese petrochemical stocks in 1995 as it launched an initial public offering in Hong Kong and New York. Jilin will offer its H shares to retail investors in Hong Kong on May 15, while its American depositary shares are on the block until May 18 in New York. An uptick in chemical prices has boosted petrochemical stocks around the world.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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