“With the new plant, it will rise to 0.99 times from zero-gearing position currently with no borrowings. We are comfortable with a gearing level of one to two times, so 0.99 times is acceptable for us, ” said president and CEO Lee Dong Woo(left) after the company’s EGM. Kong is on the right.
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd
’s (LCT) gearing will rise to 0.99 times once its new petrochemical factory in Indonesia is completed in 2023.
“With the new plant, it will rise to 0.99 times from zero-gearing position currently with no borrowings. We are comfortable with a gearing level of one to two times, so 0.99 times is acceptable for us, ” said president and CEO Lee Dong Woo after the company’s EGM.
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