LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

Posted by: Ashas Munir 1

LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan

On 19-02-2025, Lotte Chemical Pakistan Limited (LOTCHEM) disclosed the following material information.

The Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea), the majority (75.01%) shareholder of Lotte Chemical Pakistan Limited (Company), has approved and authorized the sale of all of the company’s shares held by LCC Korea (75.01%). This decision is part of LCC Korea’s business portfolio transformation, subject to the execution of a share purchase agreement (“Proposed Divestment”), and on such terms and conditions as specified under the share purchase agreement.

The consummation of the Proposed Divestment will be subject to the procurement of all applicable regulatory and corporate approvals as may be required.

📢 Announcement: We're Moving to Discord – Join Us There! 


Hi everyone! 👋

To improve your experience and offer additional features, we’re moving our community from WhatsApp to Discord!

Here’s what you’ll get on Discord:

✅ Research Reports Channel – Access a regularly updated compilation of valuable research reports
✅ PSX24/7 Bot – Ask anything about the PSX and get instant insights powered by KSEStocks historical data
✅ Organized Channels – Separate spaces for discussions, news, reports, and more
✅ Better Notifications – Control what you see and when
✅ Smoother Interaction – Easier to follow and participate in conversations
✅ Organized trading ideas - trading ideas that you can discuss and keep track of

Join now 👉 https://discord.gg/FP8vvMKW


 

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

Share this post

Leave a Reply

Your email address will not be published. Required fields are marked *