IPO marks new growth chapter for Lotte Chemical

Titanic day: (from left) Mida CEO Datuk Azman Mahmud, Lotte Group president and Lotte Corporate Innovation Office head Hwang Kag Gyu, South Korea ambassador Yu Hyun Seok, Lotte Chemical Corp president and CEO Kim Gyo Hyun, International Trade and Industry Minister Datuk Seri Mustapa Mohamed, Lotte Chemical Titan Holding Bhd chairman Tan Sri Abdul Rahman Mamat and president/CEO Lee Dong Woo at the prospectus launch.

SEVEN years after buying out Titan Chemicals Corp in Malaysia, South Korean conglomerate Lotte is bringing that asset back to the Malaysian market at a value six times more from then.

The Lotte group bought Titan Chemicals Corp for US$1.25bil in 2010, which based on the exchange rate then, amounted to an estimated RM3bil.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Tech shares see biggest-ever weekly inflow on AI boom-BofA
Ringgit higher against US$, regional peers
Gold heads for best week since April on Fed pause bets
Late recovery lifts Bursa Malaysia off intraday low
Bumi Armada assessing solutions to Kraken FPSO shut-in
Rehda: Govt should be responsible for delivery of affordable housing
Lee Yeow Seng redesignated CEO of IOI Properties, Voon Tin Yow to retire on July 1
Southern Score Builders enters MoU to explore development of robotic construction tech
Malaysia urged to develop revenue strategy to boost low taxes - IMF
FBM KLCI continues downward path for fourth straight day

Others Also Read