Thai refinery unit SPRC fixes issue price for $434m IPO, Chevron to remain majority holder & PTT to exit

Thailand-based oil refinery Star Petroleum Refining PCL (SPRC), in which Chevron Corp holds majority 64 per cent stake, has announced its IPO price at 9 baht apiece, aiming to raise 15.6 billion baht ($434.5 million) in its initial public offering this month, according to the company’s filing.