Eagle US' share in LACC LCC remains at 46.77% - Lotte

KUALA LUMPUR:Lotte Chemical Titan Holding Bhd (LCT) has announced that the Eagle US2 LLC’s (Eagle US) shareholding in LACC LCC -- a joint venture of Lotte Chemical Corporation’s subsidiary, Lotte Chemical USA Corp (LC USA) and Eagle US -- will remain at 46.77 per cent.

In a statement to Bursa Malaysia today, the group said the arbitration proceeding with regards to the purchase price formula on LC USA’s transfer of shares in LACC LLC to Eagle US was completed on Nov 23.