Lotte Chemical Titan gets shareholders' nod for award of RM6.8bil project

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) today obtained its shareholders’ approval to award engineering, procurement and construction (EPC) works worth US$1.65 billion (RM6.8 billion) to sister company Lotte Engineering and Construction Co Ltd (LEC).

LEC is 43.8 per cent owned by LCT’s major shareholder, Lotte Chemical Corporation of South Korea.