SAO PAULO, Feb 6 (Reuters) - Brazilian chemical firm

Unigel said on Thursday it had no plans to launch an initial

public offering in the short term, after newspaper Valor

Economico reported that Unigel could soon go public in

Singapore.

Unigel's creditor-approved business plan "allows for the

listing of existing shares, not a public offering as mentioned

in the article," the company said in a statement.

Last month Unigel, whose businesses include fertilizers

and acrylics, wrapped up a restructuring of 5.1 billion reais

($885.2 million) in debt.

Valor had initially reported, citing sources, that

Unigel planned to launch an IPO in Singapore in three to six

months.

($1 = 5.7617 reais)