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Lotte Chemical Continues Talks on Potential Sale of Building Materials Business

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Lotte Chemical (KRX:011170) is continuing its discussions with several potential acquirers for its building materials business division, according to a Friday filing with the Korea Exchange.

The company said no specific decision or agreement has been reached regarding the sale.

The chemical company is responding to a July 24 report by The Korea Economic Daily concerning the potential sale.

The company will release further disclosure once specific matters are determined or within three months.

Shares of the company fell 1% in recent trade.

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