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KRX:011170

5 stories mentioning KRX:011170Updated just now

Every FINWIRES story that references KRX:011170, newest first.

Asia

Lotte Chemical Titan Says Parent Weighing Strategic Options, No Decision Made

Lotte Chemical Titan (KLSE:LCTITAN) said that its parent, Lotte Chemical (KRX:011170), is considering various strategic measures related to the company but has not made any decision.The statement followed media reports that Lotte Chemical was considering selling its interest in the Malaysia-listed petrochemical company, according to a Wednesday Malaysian bourse filing.Lotte Chemical Titan said it will make the necessary announcement under Bursa Malaysia's Main Market Listing Requirements if there is any further update.

KLSE:LCTITANKRX:011170
Asia

DL Holdings Unit Expects Improved Profitability After Petrochemical Reorganization Approval

DL Holdings' (KRX:000210) unit, DL Chemical, said it is expected to improve profitability following approval for its joint business reorganization plan with Hanwha Solutions (KRX:009830) Lotte Chemical (KRX:011170), and Yeocheon NCC.Under the restructuring plan, DL Chemical will transfer its PE business into Yeochun NCC, which will then be combined with assets from Lotte Chemical and Hanwha to create a jointly owned petrochemical company, according to a Wednesday filing with the Korean Exchange.The restructuring will shift focus toward higher-value products while enhancing operational efficiency through the integration of production systems at the Yeosu Industrial Complex.

KRX:000210KRX:009830KRX:011170
Asia

Hanwha Solutions Gets Government Nod for Joint Petrochemical Restructuring Plan

Hanwha Solutions (KRX:009830) received government approval on July 20 for a joint business restructuring plan under Korea's Special Act on Corporate Vitality Enhancement, filed jointly with Lotte Chemical (KRX:011170), DL Chemical, and Yeocheon NCC.The plan rationalizes naphtha cracker facilities by contributing the company's Yeosu PE and petroleum resin businesses in kind to Yeocheon NCC, leading to an integrated entity co-operated by three companies.Before the integrated entity is established, existing shareholders, namely Hanwha Solutions and DL Holdings (KRX:000210) unit DL Chemical, will each inject 272.5 billion won to repay Yeocheon NCC's 545 billion won in debt.The restructuring is expected to accelerate the shift to high-value-added products, improve operational efficiency at the Yeosu complex, and enhance the company's profitability.

KRX:000210KRX:009830KRX:011170
Asia

Lotte Chemical Reviewing Strategic Options for Malaysian Production Plant

Lotte Chemical (KRX:011170) is considering various strategic measures, including a possible sale of LC Titan's Malaysian production plant, according to a Thursday Korean bourse filing.The company has not taken any decision to date and will provide an update within six months, or once there are any material developments.

KRX:011170
Asia

Lotte Provides KRW451.7 Billion Loan to Subsidiary Lotte Chemical Indonesia

Lotte Chemical (KRX:011170) subsidiary Lotte Chemical Indonesia took out a loan of 451.7 billion won from its parent Lotte (KRX:004990), according to a filing with the Korea Exchange on Tuesday.The sum will be used for the repayment of facility borrowings, including Export Credit Agency (ECA) loans, and for liquidity management, the filing said.The loan period is from June 12, 2026, to Dec. 20, 2036. The loan amount is equivalent to 2.57% of Lotte Chemical Indonesia's total equity capital, it said.

KRX:004990KRX:011170

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