{"id":7815,"date":"2025-02-20T17:45:13","date_gmt":"2025-02-20T12:45:13","guid":{"rendered":"https:\/\/ksestocks.com\/blog\/?p=7815"},"modified":"2025-02-20T17:45:17","modified_gmt":"2025-02-20T12:45:17","slug":"lcc-korea-to-divest-75-01-stake-in-lotte-chemical-pakistan","status":"publish","type":"post","link":"https:\/\/ksestocks.com\/blog\/lcc-korea-to-divest-75-01-stake-in-lotte-chemical-pakistan\/","title":{"rendered":"LCC Korea to divest 75.01% stake in Lotte Chemical Pakistan"},"content":{"rendered":"\n<p>On 19-02-2025, <strong>Lotte Chemical Pakistan Limited (<a href=\"https:\/\/ksestocks.com\/blog\/tag\/lotchem\/\" target=\"_blank\" rel=\"noopener\" title=\"LOTCHEM\">LOTCHEM<\/a>)<\/strong> disclosed the following material information.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The <strong>Board of Directors of Lotte Chemical Corporation, South Korea (LCC Korea)<\/strong>, the <strong>majority (75.01%) shareholder<\/strong> of <strong>Lotte Chemical Pakistan Limited (Company)<\/strong>, has <strong>approved and authorized the sale<\/strong> of all of the company\u2019s shares held by <strong>LCC Korea (75.01%)<\/strong>. This decision is part of <strong>LCC Korea\u2019s business portfolio transformation<\/strong>, subject to the <strong>execution of a share purchase agreement (&#8220;Proposed Divestment&#8221;)<\/strong>, and on such terms and conditions as specified under the share purchase agreement.<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>The <strong>consummation of the Proposed Divestment<\/strong> will be subject to the <strong>procurement of all applicable regulatory and corporate approvals<\/strong> as may be required.<\/p>\n<\/blockquote>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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\u2019s shares held by LCC Korea (75.01%). This decision is part of LCC Korea\u2019s business portfolio transformation, subject to the execution of a share purchase agreement (&#8220;Proposed Divestment&#8221;), and on such terms and conditions as specified under the share purchase agreement.<\/p>\n","protected":false},"author":9253,"featured_media":6558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,48],"tags":[57],"class_list":["post-7815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-material-information","category-news","tag-lotchem"],"featured_image_src":{"landsacpe":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LOTCHEM-STOCK-PSX-1140x445.png",1140,445,true],"list":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LOTCHEM-STOCK-PSX-463x348.png",463,348,true],"medium":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LOTCHEM-STOCK-PSX-300x188.png",300,188,true],"full":["https:\/\/ksestocks.com\/blog\/wp-content\/uploads\/2024\/08\/LOTCHEM-STOCK-PSX.png",1920,1200,false]},"_links":{"self":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/7815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/users\/9253"}],"replies":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/comments?post=7815"}],"version-history":[{"count":0,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/posts\/7815\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media\/6558"}],"wp:attachment":[{"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/media?parent=7815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/categories?post=7815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksestocks.com\/blog\/wp-json\/wp\/v2\/tags?post=7815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}