Kurasus Chemical newly listed on the TSE Standard Market, opening at ¥218, 9% above the offering price. There was no public offering or secondary offering; the company listed through a demerger listing by Resonac Holdings.
Kurasus Chemical newly listed on the TSE Standard Market and reportedly opened at ¥218, 9% above the offering price of ¥200.
The company manufactures and sells basic petrochemical products such as ethylene and propylene, organic chemical products using acetic acid as the main raw material, and synthetic resin products.
It was described as a new listing structured as a partial spin-off, with Resonac Holdings distributing the shares as an in-kind dividend, without a public offering or secondary offering.