Lotte Chemical Titan sale sparks hope but challenges remain

Lotte Chemical Titan Holding Bhd (LCT) is back in the spotlight over reports that its South Korean parent, Lotte Chemical Corp, is reviving plans to sell the loss-making Malaysian petrochemical producer, while also pursuing a partial divestment of its Indonesian operations.

Following the reports, LCT shares rallied around 30% to 40.5 sen on Wednesday before paring gains, and traded at 35 sen at the time of writing on Thursday.