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.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Some big banks ask more staff to return to office five days a week, Bloomberg reports
Betamek adopts cautious approach amid economic uncertainties
Eurospan gets MGO from Datuk Seri Tan Han Chuan
Pecca’s Q3 net profit jumps 64%
Aneka Jaringan bags RM22.5mil subcontract from IJM construction
Gas Malaysia posts higher 1Q net profit of RM102.63mil
TRC Synergy secures RM142.34mil project to 'transform' state legislative building
Ringgit ends lower against US dollar
Sports Toto almost triples net profit to RM68mil 3Q
Silver Ridge's unit bags RM168.83mil Melaka cruise terminal contract

Others Also Read