LCTH to reduce stake in US associate


PETALING JAYA: LOTTE Chemical Louisiana LLC (LCLA), a full subsidiary of LOTTE Chemical USA Corp (LC USA), is planning to undertake a corporate restructuring involving a capital contribution in LCLA by two special purpose corporations (SPCs) via a price return swap contract.

LC USA is an associate company of Main Market-listed Lotte Chemical Titan Holding Bhd (LCTH).

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