LCC sells 25% stake in Indonesia ethylene project

Lotte Chemical Titan said the sale would lower LCC’s direct interest in the Lotte Chemical Indonesia New Ethylene Project to 24% from 49%.

PETALING JAYA: Lotte Chemical Titan Holding Bhd’s parent company, Lotte Chemical Corp (LCC), is disposing of a 25% stake in PT Lotte Chemical Indonesia (LCI).

In a filing with Bursa Malaysia, Lotte Chemical Titan said this would lower LCC’s direct interest in the Lotte Chemical Indonesia New Ethylene Project to 24% from 49%.