Korea’s OCI said to weigh RM1.5bil IPO for Malaysia unit

OCI Holdings Co. is considering listing its Malaysian polysilicon unit on the Kuala Lumpur stock exchange to raise as much as RM1.5bil (US$320mil ), according to people familiar with the matter.

South Korea-based OCI is talking to financial advisers on a potential initial public offering that could value OCI Malaysia at up to RM6bil, the people said, asking not to be identified as the process is private.