South Korea's smallest refiner, Hyundai Oilbank, plans to list its shares next May or June, a company spokeswoman said Thursday. The precise timing will depend on the market, but the plan is to list — either at home or abroad — in the first half of 2012. The firm hopes the initial public offering will cut its debt, the spokeswoman said. The 390,000 b/d refiner recently upgraded its Daesan refinery to boost its complexity (IOD Jan.19'11).
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